Oil Prices Reach Highest Level Since November 2022
Oil prices continued to rise on Tuesday, with Brent reaching over $92 per barrel, its highest level since November 17, 2022.
Futures for American West Texas Intermediate Oil
By 16:50 Moscow time, futures for American West Texas Intermediate oil increased by 1.89% to $88.94 per barrel.
Global Brent Oil Futures
Simultaneously, global Brent oil futures rose by 1.62% to $92.11 per barrel, according to Bloomberg data.
OPEC Report Indicates Decline in Oil Inventories
The rise in oil prices followed an OPEC report, revealing a month-on-month decrease of 7.9 million barrels in OECD oil inventories. The inventories reached a record low of 2.779 billion barrels in July 2023.
Source: RT+TASS
