The price of Brent oil rose to $82 a barrel for the first time since the end of April
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The cost of a futures contract for Brent crude oil for September delivery rose to $82 per barrel for the first time since April 25, according to data from the London ICE Exchange.
As of 16:01 Moscow time, the price of Brent rose by 1.83% to $82. By 16:14 Moscow time, the price of the September futures fell to $81.68.
Formerly analysts at Goldman Sachs predicted record demand in the oil market in the second half of 2023, which will lead to an increase in Brent crude oil prices to $86 per barrel.
On June 4, following a meeting of OPEC+ ministers, an agreement was reached to reduce the oil production quota from the current level by 1.6 million barrels per day (to 40.46 million b/d) from January 2024. Oil production in Russia will be reduced by 650,000 b/d, Nigeria – by 362,000 b/d, Angola – by 175,000 b/d, etc.
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