Oil rises sharply for the first time since mid-November

Oil rises sharply for the first time since mid-November

On Thursday, the price of the Texas oil benchmark exceeded $ 80 per barrel - for the first time since November 17.

According to trading data, on January 6, the global oil prices rally accelerated to 2-3%.  At 17.20 Moscow time, the price of February WTI futures increased by 2.88%, to $ 80.09 per barrel, the price of Brent for March delivery grew by 2.3%, to $ 82.68.

The oil rally continues amid unrest in Kazakhstan, which threatens production cycle. The republic's plans for production in 2022 are 87.5 million tons. Kazakhstan produces 1.6 m barrels of oil per day.

Kazakhstani oil company Tengizchevroil reported Thursday that it is continuing to operate, but production has been temporarily adjusted due to logistics difficulties.

5635 views
We use cookies and collect personal data through Yandex.Metrica in order to provide you with the best possible experience on our website.