The cost of March Brent oil futures on the London ICE Futures exchange amounted to $78.49 per barrel, which is $0.2 (0.26%) higher than at the close of previous trading. On Friday, these contracts rose $0.88 (1.1%) to $78.29 per barrel.
WTI oil futures for February in e-trading on the New York Mercantile Exchange (NYMEX) rose by $0.12 (0.17%) to $72.8 per barrel. According to the results of previous trading, the cost of these contracts increased by $0.66 (0.9%) to $72.68 per barrel.
Market fluctuations show that traders currently do not see any serious risks of a reduction in oil output in the Middle East and oil supplies from the region, Bloomberg writes.
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