The world oil prices on Monday morning grow by almost 2%, since high demand for it is supported by expensive gas. So, the price of December futures on the Brent oil futures increased by 1.63%, to $ 83.74 per barrel, November futures on WTI – by 2.04%, to 80.95 dollars per barrel, RIA Novosti reports.
In the oil market on Monday morning, the growth of the previous week continues, which contributes to the high demand for this raw material as an alternative to natural gas that has greatly rose. Thus, in Europe, gas futures from the beginning of August by the end of September increased in price more than twice, and the historical maximum was recorded on October 6 – 1937 dollars per 1 thousand cubic meters.
»Oil prices are still supported by high demand from some consumers of energy that can use oil as an alternative to natural gas, as well as limited oil supplies from OPEC +,” commented Wall Street Journal NAB analysts.