The price of January WTI oil futures fluctuates above $76 per barrel, according to data from the New York Mercantile Exchange as of November 24 at 8:20 Moscow time.
The price of a barrel of WTI oil for delivery in January 2024 during trading on the NYMEX exchange was $76.4 per barrel, which corresponds to the closing level of the previous day. West Texas oil futures quotes hovered around $76 per barrel for the second day in a row.
The price of Brent oil futures with a closing date of January 2024 on the ICE London Exchange is $81.3 per barrel, 0.2% below the previous day’s closing level.
The stabilization of oil prices occurs against the backdrop of increasing raw material reserves in the United States. In addition, stock speculators are reacting to experts’ statements about the possibility of additional production cuts by OPEC+ countries.
Source: Rossa Primavera
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