Oil prices rise amid supply problems

Oil prices returned to growth in trading this afternoon after lowering recorded in morning trading amid investor concerns about a decrease in the supply of oil in the markets.

By 14:21 Moscow time, futures for West Texas Intermediate crude oil rose 0.99% to $112,878 per barrel.

Brent futures rose 0.74% to $118.85 a barrel, according to Bloomberg data.

At the sister level, the countries of the OPEC+ group will hold a meeting today using video technologies, during which the situation on the oil market and the group’s production policy will be discussed.

Source: RT + Bloomberg

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