Global oil prices rise insignificantly
20.11.2023 11:30
Oil prices rose on Monday morning.
Reported Interfax that January Brent futures rose in price on the London ICE Futures exchange by $0.55 (0.68%) to $81.16 per barrel.
January futures for WTI rose in price on the New York Mercantile Exchange NYMEX by $0.53 (0.7%) to $76.57 per barrel.
Due to a strong rally on Friday, both brands reduced their weekly decline to a minimum. Over the past week, Brent prices decreased by 1%, and WTI prices increased by 1.7%.
The sharp rise in prices on Friday was caused by rumors that OPEC+ may extend restrictions on oil production for several months or increase the volume of fuel production cuts.
www.anews.az
Reported Interfax that January Brent futures rose in price on the London ICE Futures exchange by $0.55 (0.68%) to $81.16 per barrel.
January futures for WTI rose in price on the New York Mercantile Exchange NYMEX by $0.53 (0.7%) to $76.57 per barrel.
Due to a strong rally on Friday, both brands reduced their weekly decline to a minimum. Over the past week, Brent prices decreased by 1%, and WTI prices increased by 1.7%.
The sharp rise in prices on Friday was caused by rumors that OPEC+ may extend restrictions on oil production for several months or increase the volume of fuel production cuts.
www.anews.az
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