The price of Brent exceeded $93 per barrel for the first time since November 16, 2022 – Kommersant
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As the US dollar weakens, November Brent futures contract for the first time since November 16, 2022 traded on the London ICE Futures exchange at $93 per barrel. This is $1.12 (+1.22%) higher than the close of the previous session. WTI oil futures for October on the New York Stock Exchange have become more expensive by $1.14 (1.29%) to $89.66 per barrel.
The day before, the International Energy Agency published a new report stating that the expected growth in global oil demand by 1.5 million barrels per day (b/d) in the second half of 2023 compared to the first half of the year will exceed supply by 1.24 million b/d /With. The report says that oil supply is lagging behind growing demand, causing its prices to rise. In Russia, this led to an increase in revenues from oil exports – in August the figure reached its maximum since the fall of last year.
More details in the text “Kommersant” “IEA records underfilling”.
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