Oil prices continue to grow

Oil prices are growing on Monday after a sure lift in the last week, Interfax reports.

Cost of Martov Futures on Brent Oil on the London Stock Exchange Ice Futures by 9:15 Monday is $ 86.23 per barrel, which is $ 0.17 (0.2%) above the price of closing the previous session. According to the results of trading on Friday, these contracts went up by $ 1.59 (1.9%) – up to $ 86.06 per barrel.

The price of March futures on Brent on Monday rose to $ 86.71 per barrel, close approaching the maximum from October 2014. However, contracts could not be held at this level, dropping against the background of data on the slowdown in the growth rate of China’s economy in the fourth quarter of 2021.

WTI oil futures price for February in the electronic trading of the New York Commodity Exchange (NYMEX) is $ 84.19 per barrel, which is $ 0.37 (0.44%) above the final value of the previous session. To the closure of trading on Friday, the cost of these contracts rose by $ 1.7 (2.1%) and amounted to $ 83.82 per barrel.

Over the past week, Brent has rise in price by 5.3%, WTI – by 6.2%.