Oil has risen sharply

18.10.2021

The price of Brent crude oil jumped by more than 1 percent – to $86 per barrel, but during trading it has been corrected to $85.66. This is evidenced by trade data.

WTI exceeded $83 per barrel, but soon the price bounced to $82.93 (+1.5 percent compared to the previous close of trading). Raw material prices are rising against the background of growing demand for power generation due to shortages of natural gas and coal in Europe and Asia.