Oil crossed the mark of $94 per barrel for the first time since November 16, 2022.
As of 10:11 a.m. on September 15, according to Kyiv, the price of Brent oil was $94.19 per barrel / Illustration by REUTERS
Oil prices continue to rise and end the week with a confident rise. The price of Brent oil futures for November delivery on the ICE exchange exceeded $94 per barrel for the first time since November 16, 2022.
According to the materials Investingthe price of Brent crude on the ICE exchange in London exceeded $94 per barrel for the first time since November 16, 2022 — the value of the November futures contract rose to $94.14 per barrel.
As of 15:20 Kyiv time on September 14, Brent oil for delivery in November was sold at $93.3 per barrel, adding 1.5% to the price. The price of WTI oil has so far risen by 1.65% to $89.98 per barrel.
On September 15, as of 10:11 Kyiv time, the price of Brent oil was $94.19 per barrel.
WTI oil futures for October delivery rose by 2.48%, slightly more than $90.7 per barrel, according to the London Stock Exchange. The price of WTI crude oil on September 15 as of 10:13 Kyiv time was $90.69 per barrel.
Oil prices hit 10-month highs amid reports from influential organizations predicting tensions in the markets by the end of the year.
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What is happening to oil prices
On August 30, 2023, oil prices continued to rise. Brent crude futures for October rose 29 cents, or 0.34%, to $85.78 a barrel. U.S. West Texas Intermediate crude futures were up 37 cents, or 0.46%, at $81.53.
U.S. crude inventories fell by about 11.5 million barrels in the week ended Aug. 25, according to market sources citing data from the American Petroleum Institute.
Analysts say that a larger-than-expected decline in crude oil inventories in the US is positive for the oil market, as it indicates steady demand.
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Fuente: espreso.tv
