Monday , May 10 2021

Oil prices continue to grow

Illustration picture Photo: TASR / AP

Singapore, November 16 (TASR) – Oil prices rose on Friday morning and continued to recover from the previous two business days. American WTI is marketed below $ 57 (50.42) per barrel. The reason for the increase in black gold is that the Organization of Petroleum Exporting Countries (OPEC) and other major producers restricts mining.

The barrel (159 liters) of WTI oil with a December contract was sold at $ 56.92 at 8.02 a.m. CET. That was 46 cents or 0.81% more than on Thursday (November 15) at the end of trading on the New York Stock Exchange. On Thursday, WTI attributed 21 cents or 0.4% and closed at $ 56.46 per barrel. January's contract for Brent oil on Friday dimmed by 62 cents or 0.93% to $ 67.24 per barrel.

Until Tuesday (November 13), the price of black gold has fallen, but it has recovered significantly. Its growth did not stop until a sharp increase in oil reserves in the US. UU. Oil stocks increased three times over the past week compared to analysts' expectations.

Source:, the news portal of the TASR

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