Oil prices are steadily on the rise - ednews.net

2 December, Thursday

Oil prices are steadily on the rise

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The rise in world oil prices accelerated by a percentage point, while the cost of the North Sea Brent blend rose above $86 per barrel for the first time since October 4, 2018, according to trading data, Azeri news reports. 

November futures for Texas WTI rose in price to $83.49 per barrel, December futures to $82.89.

According to experts, the recovery of fuel consumption is also facilitated by the gradual lifting of restrictions imposed by COVID-19 around the world, according to The Wall Street Journal.

Also last week, the International Energy Agency (IEA) warned that high natural gas prices would boost oil demand.

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