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ComMODITY: OIL IS ON THE RISE

08/09/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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On Monday, oil prices rose, while That the market doubts that the increase in OPEC+ quotas will materialize entirely in October and focusing on low crude reserves.

Around 09:30 GMT (11:30 CET), the price of a barrel of Brent from the North Sea, for delivery in November, gained 1.91% to 66.75 dollars.

Its American equivalent, the West Texas barrel Intermediate, for delivery in October, gained 1.96% to $63.08.

According to Arne Lohmann Rasmussen, from Global Risk Management, this rise in prices “somewhat surprising” underlines that the increase in production planned by the Organization of Countries oil exporters and its allies (OPEC+) “had largely been anticipated” at the end of last week

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