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Oil prices hardly moved at the beginning of the week

Monday, 01/10/2022 8:11 AM from

dpa-AFX

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Offshore platform (symbolic image). © curraheeshutter / iStock / Getty Images Plus / Getty Images

SINGAPORE (dpa-AFX) – Oil prices stabilized somewhat on Monday at an elevated level. A barrel (159 liters) of North Sea Brent cost US $ 81.70 that morning. That was 5 cents less than on Friday. The price of a barrel of the American West Texas Intermediate (WTI) was down 6 cents to $ 78.84.

According to traders, recent supply concerns have now subsided. These had driven oil prices significantly in the past week. Now, however, after completing maintenance work, Libya is now producing more oil (crude oil) again, and Kazakhstan has also increased its production again. The oil- and gas-rich country has not been resting for more than a week. Displeasure about the rise in fuel prices at the petrol stations turned into protests against the state leadership./la/stk

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