Oil prices are rising after a precipitous fall
Earlier it was reported that the elections in the United States led to a fall in prices for “black gold”.
Oil prices rose slightly amid anticipation of the monthly OPEC report, which should demonstrate price dynamics. However, further growth is limited by investors' disappointment regarding plans to stimulate the Chinese economy. This data is provided by Reuters.
Brent crude futures reportedly rose 38 cents, or 0.5%, to $72.21 a barrel. At the same time, US (WTI) West Texas Intermediate futures rose 36 cents, or 0.5%, to $68.40 a barrel.
The monthly report of the Organization of Petroleum Exporting Countries (OPEC) will soon be published – players expect forecasts for a further decline in demand until 2025. This puts additional pressure on prices.
The market also expects…
