The price of North Sea Brent oil exceeded $83 per barrel in trading on the London ICE exchange on November 29. This is evidenced by trading data on the stock exchange. ICE.
According to stock exchange data, the price of the Brent barrel for January delivery increased by 1.71% to $ 83.06 at 15:28 Moscow time. As of 17:36 Moscow time, the barrel price fell to 82.38 dollars. At the same time, the cost of American WTI rose to $77.54 per barrel.
The increase in oil prices was triggered by a decrease in shipments by 2 million barrels per day due to a severe storm in the port of Novorossiysk. In addition, the decline in the structure of oil futures indicates limited supply in the market, says Andrey Kochetkov, a leading global research analyst at Otkritie Investments.
It is stated that another factor that may put pressure on oil prices is the upcoming meeting of the OPEC + committee, which was previously postponed due to disagreements between participants. Reuters.
They had previously stated in Europe that the EU reached Limits of the possibilities of imposing sanctions against Russia.