Oil is getting more expensive on messages from USA and Canada

Brent oil oil on Tuesday is traded on international exchanges at a price of $ 75.48 per barrel.

At the last auction on Monday, the cost of a barrel of oil of this reference brand completed the day at the mark of 75.23 dollars.

as of 08.59, May 16, the price of the Brent brand increased by 0.33 percent – to $ 75.48 per barrel. The cost of WTI oil futures amounted to $ 71.20 per barrel.

Prices are rising amid reports on the plans of the US authorities to replenish strategic oil reserves of the country, as well as data on forest fires in Canada.

The US Department of Energy announced the day before to purchase up to 3 million barrels of oil for a strategic oil reserve (SPR).

President Joe Biden in March 2022 allowed to allocate more than 180 million barrels of oil from SPR reserves against the backdrop of a rapid increase in gas prices against the backdrop of the conflict of the Russian Federation and Ukraine.