Oil prices are confidently rising at the auction, adding about 5% after the collapse of the previous session, reports Finmarket.
So, the cost of January futures at the London Stock Exchange Ice Futures on Monday was $ 75.89 per barrel, this is $ 3.17 (4.36%) above the price of closing the previous session.
Futures for WTI for January at the electronic trading in the New York Commodity Exchange (NYMEX) was $ 71.48 per barrel, this is $ 3.33 (4.89%) above the final value of the previous session.
“Recent events associated with a pandemic, the return of travel restrictions and a total surge of uncertainty was putting pressure on financial markets and caused a sharp drop in oil prices on Friday,” the head of the Julius Baer Economy department writes Norbert Ryuker.