Since the beginning of June, the price of Brent oil has grown by almost 6% and turned out to be higher than $ 74 per barrel for the first time since April 2019, while quotes can demonstrate further growth, assume analysts, transfers TASS.
As noted by the Lead Analyst Refinitiv Incen Hakk, stimulates the growth of the policy of the policy of OPEC countries +, which stages are increasing production. It can also contribute to price increases up to level 80 dollars per barrel, and in the near future.
“However, if prices rise above $ 80 per barrel, oil producing companies will be under pressure due to the desire to increase production,” the expert clarified.
At the same time, it is noted that there is a risk of returning to the market of Iranian oil, so it is unlikely that prices are lingering for a long time at such a level.