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Oil price rise – you know why

Oil prices are slightly appreciating during today’s trading, under pressure from the strengthening of the US dollar and the technical correction in the overbought market, S&P Global Platts notes.

The cost of April futures for Brent oil on the London stock exchange ICE Futures by 8:28 Moscow time was $ 63.52 per barrel, which is $ 0.17 (0.27%) higher than the price at the close of the previous session.

As a result of trading on February 16, these contracts renewed their 13-month maximum, having risen in price by $ 0.05 (0.1%) – to $ 63.35 per barrel. 

 

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