Brent has overcome a mark of 82 dollars for the first time since 2014

108008

Favorable forecasts of world oil demand on Tuesday pushed oil prices to further growth. The price of Brent oil exceeded $82 per barrel for the first time since the autumn of 2014. By 14:00 Moscow time, the November futures for Brent crude rose 0.9% to 82 dollars 11 cents a barrel. The price of the November futures contract for WTI rose 0.7% to 72 dollars 56 cents a barrel. Analysts note that oil contracts continue to grow based on traders' fears that in the fourth quarter there will be a supply deficit due to a reduction in oil supplies from Iran. As Saudi Energy Minister Khalid al-Falih said, in 2019, there could be a surplus supply in the oil market, and OPEC + could then return to a reduction in oil production.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: