The price of Brent oil exceeded $94 per barrel for the first time since November 16, 2022 – Kommersant
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The price of Brent oil futures for November delivery on the ICE exchange exceeded $94 per barrel for the first time since November 16, 2022. According to the exchange, Brent increased in price by 2.48%, to $94.1 per barrel. Oil futures WTI for delivery in October the price increased by 2.48% to $90.7 per barrel.
Oil started rise in price this week against the backdrop of a weakening dollar. According to a report by the International Energy Agency (IEA), the expected increase 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. The MEE noted that oil supply lags behind growing demand, causing prices to rise.
Details – in the material “Kommersant” “IEA records underfilling”.
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