The growth of oil prices accelerated after OPEC’s monthly review

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Information that OPEC countries reduced oil production by 800,000 barrels in January, contained in the monthly review of the cartel, pushed oil prices to a more intensive rise on Tuesday. By 18:30 Moscow time, the price of Brent crude oil reached 62 dollars 93 cents, rising by 2.32%. WTI crude oil also rose in price to 53 dollars 48 cents per barrel. Its value increased by 2.04%. The message that agreements reached between Democrats and Republicans of the US Congress on financing to strengthen the border with Mexico could prevent the next suspension of the activities of the US government was also pleasant for investors.

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