Top

Price of oil at a record high level

Price of oil at a record high level
Price of oil at a record high level

World oil prices have risen by about 1% in the past 24 hours. For the first time since 2018, the price of Brent-type oil has exceeded $ 79.

Brent oil futures for December delivery rose by 1.14% to $ 78.11 a barrel. November futures rose by 1.2% to $ 79.03 a barrel.

Meanwhile, WTI November futures rose by 1.23% to $ 74.89 a barrel.

It is noteworthy that the world's oil reserves are declining. In the United States, this figure is approaching the three-year low. In terms of supply, OPEC + countries are reducing production restrictions very slowly, putting pressure on global supply.

At the OPEC + meeting on September 1, the parties increased their daily production forecast for 3.28 million barrels in 2022 to 4.2 million barrels.

If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

Last added

Latest news



orphus_system