The price of WTI oil futures for September rose by $0.4 compared to the previous trading day on the New York Mercantile Exchange, according to data as of July 29 at 9:30 a.m. Moscow time.
West Texas Intermediate crude oil futures for September at the end of the Asian session on the NYMEX exchange were at $77.5 per barrel, up 0.5% from the previous day’s data. West Texas Intermediate crude oil futures prices have gradually declined since July 5, returning to mid-June levels.
Brent crude oil futures for October delivery on the ICE Exchange in London rose to $80.7 per barrel, up 0.5% from the end of the previous trading session.
The rise in oil prices is taking place against the backdrop of a decline in global crude oil production. In addition, stock market speculators are reacting to experts’ forecasts that supply shortages will continue in the near future.
Source: Rossa Primavera
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