This Friday, the oil price went down slightly, heading into a third consecutive month of downturn. The strength of the dollar and weak Chinese economic data limited gains, while the increase in supply from the world's main producers has made up for it the impact of Western sanctions on Russian exports.

The price of Brent crude oil fell by 36 cents, or 0.55%, at 64.64 dollars per barrel at 04:10 GMT, while crude oil American West Texas Intermediate settled at $60.14 per barrel, in down 43 cents, or 0.71%.

“A stronger US dollar weighed on appetite commodity investors,” the analysts said from ANZ in a note.

The dollar appreciated after the president of The Federal Reserve, Jerome Powell, said on Wednesday that a rate cut in December was not guaranteed.

Oil prices also fell after the publication of an official survey showing that manufacturing activity China contracted for the seventh consecutive month in October. Le Brent and WTI are both expected to fall by around 3% in October, the supply increasing being likely to outpace the growth in demand this year. The Organization of Petroleum Exporting Countries (OPEC) and the main producers who are not members of OPEC are increasing their production in order to gain market shares.