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.
Oil firms but sets to acquire more gains on output reduction optimism13.02.2020
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 virus