The price of oil on the world market has risen by about 1% in the past 24 hours. According to the Wall Street Journal, the rise in oil prices was supported by a statement from the US Department of Energy, according to which the country's government is not ready to release strategic oil reserves.
Brent oil futures for December delivery rose by 1.12% to $ 82.87 a barrel.
Meanwhile, WTI November futures rose by 1.28% to $ 79.31 a barrel.
It is noteworthy that this week the price of WTI oil exceeded $ 77 per barrel for the first time since November 2014, while Brent reached $ 81 per barrel for the first time since October 17, 2018.
The OPEC + Ministerial Monitoring Committee has advised the Alliance to follow a previous plan to increase oil production, which aims to increase production by 400,000 barrels per day each month.
