Oct 14, 2020
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Brent crude price rose above $ 43 per barrel

The cost of December futures for Brent oil on Wednesday evening exceeded $ 43 per barrel.

As of 17:00, the price of a barrel of Brent rose to $ 43.33, which is almost 1.9% higher than the previous day's closing level, according to trading data on the Intercontinental Stock Exchange.

WTI crude oil is traded at $ 41.04 per barrel, an increase of 2%.

As wrote earlier, Russian Energy Minister Alexander Novak hopes that the OPEC + countries are optimistic about the situation in the oil market and expect that they will be able to gradually increase production as part of the deal without harming the market.

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