For the first time since last November 10, oil prices rose during today’s trading, exceeding the level of $84 a barrel.
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The price of a barrel of oil rises to $ 84 for the first time since November
Oil prices rose, during trading today, Wednesday, above the level of $ 84 a barrel, for the first time since last November 10.
Brent crude futures rose 0.12% to $83.82 a barrel US West Texas Intermediate crude futures rose 0.27% to $81.44 a barrel, according to Bloomberg website data.
Oil prices are witnessing a recent rise in light of investors’ fears of a decline in crude exports from Kazakhstan, the oil country that is a member of the “OPEC +” group.
Kazakhstan witnessed unrest at the beginning of this year, which initially began with economic demands, then turned into armed clashes between some demonstrators and security forces, and widespread acts of sabotage.
Kazakhstan’s average production of crude oil is regarding 1.6 million barrels per day, before calculating its share of the cuts approved by “OPEC +”.
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