Oil prices keep on increasing


January 4, Fineko/abc.az. World oil prices continue rising, and the American cost advantage strengthens the position of the US oil industry in the export zone.

The leading quotes in the Bloomberg system assume for the moment that the price of WTI will be about $62.16 (+0.86%) a barrel with delivery in February on the NYMEX trading and the Brent oil price - $68.18 (+0.5%) a barrel with delivery in March on the ICE trading. As a result, the price difference is expected to reach $6.02 a barrel not in favor of the economy of Europe and the rest of the world.

The American export to Europe is considered effective even when premium is $1.5 a barrel in favor of the European market.


Keywords: oil prices