Oil prices continue to rise company



The futures price futures for Brent crude oil on the London Stock Exchange, ICE Futures, have risen from $ 0.68 or 0.28 percent to $ 83.41 per barrel from the start of the session.

And the futures price of WTI oil prices in November on the New York Commodity Exchange (NYMEX) rose by 0.27 USD, or 0.37%, to 73.52 USD per barrel.

Baker Hughes, a US oil company, said Friday that the number of oil drilling in the US dropped by 3 units last week to 863. This indicator declined the second week in a row, which may mean that the growth rate of extraction in the country is decreasing.

The potential slowdown in production growth in the United States only adds further to the concerns of market participants, which in the long run will lead to a fall in production volumes in Venezuela and the threat of US sanctions against the Iranian oil sector, 1 -1.5 million can be estimated. Iranian oil barrels per day.

For this reason, the so-called long-standing position – when it comes to rising oil prices – the number of newcomers to the ICE market rose by 6.1% last week. and reached the highest level since May.


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