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Oil prices rise slightly after falling the day before

19.09.2019,11:32


September 19, Fineko/abc.az. Oil prices remain at a higher level due to fears of a response by Saudi Arabia or the United States against Iran, which could lead to further escalation of tension in the Middle East.

As a result of trading on September 18 at the London ICE Futures exchange, the cost of the November Brent crude futures decreased by $ 0.95 (1.47%), to $ 63.60 per barrel. On Thursday, at 10:55 a.m., November Brent futures rose $ 0.01 (0.02%) to $ 63.61 per barrel.

As a result of trading on September 18 at the New York Mercantile Exchange (NYMEX), October WTI oil futures fell $ 1.23 (2.07%), to $ 58.11 per barrel. On Thursday, at 10:55, the price of the October WTI oil futures increased by $ 0.07 (0.12%), to $ 58.18 per barrel.

In general, the oil market is stable after the previous significant decline, investors are evaluating the capabilities of Saudi Arabia to restore production after attacks on its oil infrastructure.