Oil rose in price based on the comments of Saudi Arabia

On Tuesday at 14:22 Moscow time, November futures for Brent crude went up by 1 dollar 14 cents to 79 dollars 19 cents per barrel. The price of the October futures for WTI crude oil rose by 97 cents to 69 dollars 88 cents a barrel. The growth of prices was promoted by comments of representatives of Saudi Arabia, Bloomberg writes, referring to sources, that during meetings with investors and traders in Washington, London and Houston. The Minister of Energy of Saudi Arabia, Khalid Al-Falih, and other Saudi officials made it clear that Saudi Arabia was satisfied with the price of oil at the level of $80 and they would not promote the rise of oil prices above this level. Nevertheless, prices, in their opinion, can exceed it for some time.

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