Oil rises in price under the influence of supply and demand

2022-09-19T08:20:10+03:00

2022-09-19T08:20:10+03:00

2022-09-19T08:20:10+03:00

2022

https://1prime.ru/oil/20220919/838160211.html

Oil rises in price under the influence of supply and demand

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World oil prices on Monday morning are rising due to a number of factors on the part of supply and demand, according to trading data. As of 8.12 Moscow time, the price of November… PRIME, 19.09.2022

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Oil rises in price under the influence of supply and demand

Tanks at the oil depotTanks at the oil depot

MOSCOW, 19 Sep — PRIME. World oil prices on Monday morning are rising due to a number of factors on the part of supply and demand, according to trading data.

Oil production

The expert told what will happen to oil prices next week

As of 8:12 Moscow time, the price of November futures for Brent crude oil increases by 0.58%, to $91.88 per barrel, November futures for WTI – by 0.4%, to $85.06.

On Monday morning, oil quotes are rising, markets are assessing the factors affecting the supply and demand of this type of raw material. Thus, the weakening of coronavirus restrictions in China, the largest oil importer, has a positive effect on oil demand.

At the same time, investors continue to assess the prospects for reducing the supply of “black gold” against the backdrop of the upcoming EU embargo on imports of oil and oil products from Russia.

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