Sep 14, 2020
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Oil prices rise slightly after falling

Oil prices are rising after a sharp drop last week, when North Sea Brent blend fell 6.6% and WTI crude fell 6.1%.

By 8:15 Moscow time on September 14, Brent oil with delivery in November on the London ICE Futures exchange was given $ 39.92 per barrel. This is $ 0.09 (0.23%) above the price at the close of Friday's session. WTI October futures at NYMEX trading could be bought for $ 37.51 per barrel, which is $ 0.18 (0.48%) higher than the level of the previous session.

AxiCorp Experts expect a decline in supplies from the United States, where some of the oil producers working in the Gulf of Mexico, on September 13, again suspended work due to the approach of a new hurricane.

Earlier reported that the export of Russian oil in monetary terms in July 2020 fell 2.2 times compared to July last year and by 8.4% compared to June - to $ 4.829 billion. A decrease in exports in monetary terms occurred due to its reduction in physical terms, as the cost of oil from Russia in July, on the contrary, even increased by 5% - to $ 43.91 per barrel of Urals grade.

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