Brent and WTI oil prices are near ten-month highs – Kommersant
[ad_1]
Standard oil prices Brent And WTI during trading reach maximum values since mid-November 2022, according to data from the ICE trading platform.
November Brent futures rose 0.24% to $92.28 per barrel, and October WTI futures rose 0.28% to $89.09 per barrel.
According to MarketWatch, the reason for the price increase is the insufficient supply of oil on the world market after Saudi Arabia and Russia extended their voluntary production restrictions until the end of this year. In addition, it is noted that stock speculators react to forecast The US Department of Energy, predicting an increase in demand for raw materials in the coming years.
At the same time, the American TV channel CNN connects the rise in oil prices with the consequences of the floods in Libya. Due to a natural disaster died more than 5 thousand people, another 10 thousand people are considered missing. Also, “many dams and residential buildings” in Libyan cities were destroyed. CNN analysts believe that the flood will disrupt oil exports from a number of Libyan ports.
Read more about the situation on the oil market in the Kommersant article. “OPEC hopes for global growth”.
[ad_2]
Source link
