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Oil rises in price

27.12.2019,11:04


December 27, Fineko/abc.az. Oil keeps on its weak growing on Friday after rising the day before.

Following the trading on 26 December, February’s futures for Brent oil at the London ICE Futures Exchange rose in price by $0.72 (1.07%) up to $67.92 per barrel. The cost of February’s futures for Brent oil at the London Exchange ICE Futures increased by $0.09 (0.13%) up to $68.01 per barrel by 9:15 am.

By the close of trading on 26 December at the New York Mercantile Exchange (NYMEX) the price of WTI oil futures for February grew by $0.57 (0.93%) up to $61.68 per barrel. WTI futures for February rose by $0.15 (0.24%) up to $61.83 per barrel 9:15 am.

Since the beginning of 2019 WTI oil has risen by 36%, the price increase in December was about 12% due to the conclusion of the OPEC+ agreement on additional production restrictions.