Oil prices continue to show growth
The oil market continues to see a trend of rising prices. Investors are positive. They expect demand for raw materials to increase as the global economy recovers. The epidemiological situation in a number of countries is improving. So, in the United States, more than 60% of the population has been vaccinated against coronavirus. This contributes to slowing the growth of new cases. Over the past week, the number of infections in the country increased by only 0.5%. This is the lowest figure for the period since March last year. The expected arrival of oil from Iran to the market is a limiting factor for the growth of quotations. However, experts believe that the global market will be able to absorb this additional volume. It will be insignificant in comparison with the increase in demand. The price of a barrel of Brent crude oil rose to 68 dollars 65 cents, or 0.28% compared to the closing price of the previous trading session. The price of a barrel of WTI crude oil rose to $66.12 cents, or 0.11%.