16:36 - 5.10.2021

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October 5, Fineko/abc.az. The price of Brent crude oil may reach $100 per barrel, according to a report prepared by Canadian investment bank TD Securities, after OPEC + did not change its quota plan to increase oil production at a meeting on 4 October.

ABC.AZ reports that the Bank explained the reason for this.

Thus, according to the Bank, the risks associated with the delta coronavirus strain remain moderate, and the resumption of flights by airlines also increases the demand for oil. It is noted that if the trend continues, the next level of Brent crude oil may be $100.

After yesterday's OPEC+ decision, the price of Brent crude oil exceeded $81.

By Elmir Murad