Oil continues to rise in price

World oil prices on Monday morning rise, support quotes to weaken the dollar and increase in Saudi Aramco prices. This is evidenced by trading data.

The price of August Brent oil futures grew 0.6%, up to $ 120.44 per barrel, July futures for WTI – by 0.63%, to 119.62 dollars.

The dollar to Yen shows a decrease by 0.17%, to the euro – by 0.1%. The weakening of the dollar supports the demand for raw materials, including oil, which in this case become more accessible to investors who own another currency.

The markets also evaluate the news that the Saudi Aramco oil and gas company, Saudi Aramco, has increased the vacation pay for oil for Asia. Raising the price of Arab Light for Asian buyers by $ 2.1 was stronger than the expected 1-1.5 dollars, the media said.