Oil prices continue to rise
The Price of oil has been rising since November amid news of successful trials of a Western coronavirus vaccine and the results of the us presidential election. The growth of world oil prices continues to accelerate, for the first time since March 6, the price of a WTI blend exceeded $ 45, and Brent - $ 48 per barrel, according to trading data. This is reported by RIA Novosti.
As of 09:01 tbs, the price of February futures for Brent North Sea oil is rising to $ 48.28 per barrel. January futures for WTI crude oil rose to $ 45 per barrel.
Oil prices have been rising since November amid news of successful trials of a Western coronavirus vaccine and the results of the US presidential election. So, on Monday, the British company AstraZeneca announced that an interim analysis of its drug from COVID-19 showed an effectiveness of 70 to 90%. Earlier, successful trials of the vaccine were reported by German BioNTech and American Pfizer.
In March, oil prices fell sharply after the OPEC+ countries failed to agree on either changing the parameters of the agreement on reducing black gold production or extending it. In addition, the COVID-19 pandemic triggered a record decline in demand for raw materials. In conditions when the movement of residents was restricted due to quarantine, and businesses were closed, interest in fuel fell sharply. As a result, in March alone, oil prices more than doubled.
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Oil prices continue to rise
The Price of oil has been rising since November amid news of successful trials of a Western coronavirus vaccine and the results of the us presidential election. The growth of world oil prices continues to accelerate, for the first time since March 6, the price of a WTI blend exceeded $ 45, and Brent - $ 48 per barrel, according to trading data. This is reported by RIA Novosti.
As of 09:01 tbs, the price of February futures for Brent North Sea oil is rising to $ 48.28 per barrel. January futures for WTI crude oil rose to $ 45 per barrel.
Oil prices have been rising since November amid news of successful trials of a Western coronavirus vaccine and the results of the US presidential election. So, on Monday, the British company AstraZeneca announced that an interim analysis of its drug from COVID-19 showed an effectiveness of 70 to 90%. Earlier, successful trials of the vaccine were reported by German BioNTech and American Pfizer.
In March, oil prices fell sharply after the OPEC+ countries failed to agree on either changing the parameters of the agreement on reducing black gold production or extending it. In addition, the COVID-19 pandemic triggered a record decline in demand for raw materials. In conditions when the movement of residents was restricted due to quarantine, and businesses were closed, interest in fuel fell sharply. As a result, in March alone, oil prices more than doubled.
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