The price of oil on the world market continues to rise.
Brent oil futures for December delivery rose by 0.31% to $ 85.43 a barrel.
Meanwhile, WTI December futures rose by 0.16% to $ 83.89 a barrel.
It should be noted that yesterday, the price of WTI crude oil exceeded the 2014 maximum and amounted to $ 85 per barrel.
Representatives of several OPEC + member states called on the organization to be cautious about increasing oil production.
In addition, according to ANZ analysts, the rise in oil prices is fueled by reports that the EU will hold talks with Iran later this week.
However, the rise in oil prices is largely due to the fact that supply does not meet market demand.
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.
