Oil rises on expectations of high demand on Friday

MOSCOW, August 26 – PRIME. World oil prices are growing noticeably on Friday afternoon, investors expect high demand for raw materials to continue, according to trading data.

Norway abandoned the idea of ​​gas supplies to the EU at a fixed price

As of 13.20 Moscow time, the price of October futures for Brent crude grew by 1.42%, to $100.75 per barrel, and October futures for WTI — by 1.12%, to $93.56.

Analysts believe that the cost of “black gold” will continue to rise this year, as demand will be supported by high gas prices.

“We believe that oil prices will rise until the end of the year. Concerns about oil demand, in our opinion, look excessive, and very high gas prices should support oil demand during the winter,” DNB Markets analyst quotes Bloomberg. Helge Andre Martinsen.

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Since Monday, Brent has risen in price by 4.3%, WTI – by 3.2%. The growth of oil quotes this week was facilitated by signals from Saudi Arabia about a possible decrease in OPEC + production, as well as a reduction in inventories in the United States.


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