The price of oil on the world market increased during the last trading day.
Brent oil futures for January delivery rose by 0.59% to $ 81.72 a barrel.
Meanwhile, WTI January futures rose by 0.71% to $ 78.97 a barrel.
According to the Wall Street Journal, worsening weather is contributing to rising oil prices, as low temperatures could lead to natural gas shortages.
Due to the declining demand for oil caused by the coronavirus pandemic, OPEC + has reduced production by 9.7 million barrels per day 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.
The OPEC + ministers, at a meeting on November 4, 2021, unanimously decided to follow the plan and not to increase oil production more than planned.
