During trading on Wednesday, oil prices showed moderate growth after several days of decline, which was caused by signals of readiness of Russia and Saudi Arabia to increase oil production in order to compensate for the reduction of fuel supplies from Venezuela and Iran. The demand for investors was also reduced because of the political situation in Italy. On Wednesday at 14:43 Moscow time, July futures for Brent crude rose 50 cents to 75 dollars 89 cents a barrel. The price of July futures for WTI oil by this time increased by 25 cents to 66 dollars 9 cents per barrel.
Oil maintains momentum as virus concerns may lead to deeper output cuts12.02.2020
Oil inches up as NcoV cases decelerate, boosts market sentiment11.02.2020
Oil advances but investors remain cautious over China virus11.02.2020
Oil declines on oversupply concerns as virus inflicts China demand