Global oil prices on April 19 morning didn’t show a single trend against an ambiguous external background, Report informs.
The price of June futures for Brent crude rose by 0.03% to $113.19 per barrel.
The cost of June futures for WTI fell by 0.21% to $107.21.
On April 19 morning, price dynamics were influenced, in particular, by expectations of a decrease in supply on the market. Libya’s two oil ports have been suspended in the wake of protests against Prime Minister Abdul Hamid al-Dbeibeh, leading to concerns about a shortage of this type of raw material in the market and, consequently, rising prices.
He also added that the talk that the EU countries might agree within a couple of weeks on some kind of ban on the import of Russian oil also increases oil prices.
However, on the other hand, news about the first fatal cases of coronavirus infection in Shanghai since the introduction of severe restrictive measures contribute to lower prices.