The world oil prices on Monday morning grow on increasing demand for it, the bidded data is evidenced by Interfax.
The cost of March futures on Brent on the London Stock Exchange Ice Futures is $ 88.64 per barrel, which is $ 0.75 (0.85%) above the price of closing the previous session, March futures on WTI – $ 85.82 per barrel, which At $ 0.68 (0.8%) above the final value of the session on Friday.
Brent and WTI prices since the beginning of the year rose by about 14% due to the active demand and limit of the sentence.
“Despite the achievement of a record number of coronavirus infected in many parts of the world, it did not affect the demand for oil as much as the market expected,” the Wall Street Journal analysts Anz analysts told the Wall Street newspaper.