World oil prices accelerated growth on Friday afternoon and added almost 2% against the background of prospects for a decrease in the supply of this type of raw material.
According to Report, this follows from the auction data.
The price of November futures for Brent crude rose by 1.92% to $90.88 per barrel, and October futures for WTI increased by 1.81% to $85.05.
09:51
Global oil prices rose moderately on September 9 morning, while investors assess the prospects for a reduction in supply for this type of crude, Report informs referring to the auction data.
The price of November futures for Brent crude rose by 0.72% to $89.79 per barrel, October futures for WTI grew by 0.48% to $83.94.
The results of the OPEC+ meeting had a positive effect on oil quotes. The alliance decided to return to the August terms of the agreement and reduce the production of oil in October by 100,000 barrels per day. The decision was made to support oil prices.
In addition, the growth in the cost of oil is facilitated by the statement of Russian President Vladimir Putin that Russia will stop oil supplies to those countries that impose price restrictions on it. This, in turn, also caused expectations of a reduction in oil supply in the market.