Brent's price near a 3-month high
Oil prices have risen for the fifth week in a row. During this time, they reached three-month highs.
Oil prices have risen for the fifth week in a row. During this time, they reached three-month highs. The reduction in oil supplies around the world, as well as the expectation of an end to interest rate hikes in the United States, is pushing the price of black gold upward. In addition, Saudi Arabia is expected to extend its voluntary production cut of 1 million barrels per day for another month, including September. Excess demand over supply is supporting Brent prices.
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