The oil price on the world market increased slightly during the last trading day. According to Report.ge, this is evidenced by trade market data.
Brent crude for March delivery was up by 0.08% at $ 78.28 a barrel.
WTI's February futures were up by 0.28% at $ 75.78 a barrel.
The oil market is showing positive dynamics, as investors expect the demand for oil to remain at a high-level next year.
Due to the declining demand for oil caused by the coronavirus pandemic, OPEC + has reduced production by 9.7 million barrels since May last year.
With the stabilization of the situation, oil production has more or less resumed. From August 2021, the Alliance increased oil production by 400 thousand barrels per month.
Since then, the organization's member states have met every month and discussed the production plan for the coming month.
