Oil prices rose more than US$ 2 per barrel this Wednesday (30), with signs of tighter supply, a weaker dollar and optimism about the recovery of Chinese demand.
Limiting gains, OPEC+’s decision to hold its December 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter told Reuters on Wednesday.
Brent futures were up $2.40, or 2.8%, to settle at $85.43 a barrel, while US crude oil (WTI) added $2.35, or 3.01%, to $85.43 a barrel. $80.55.
Support followed expectations of tighter oil supply.
US crude inventories fell by nearly 13 million barrels, the biggest drop since 2019, in the week ended Nov. 25, according to the Energy Information Administration.
The International Energy Agency expects Russian oil production to be reduced by around 2 million barrels of oil per day by the end of the first quarter of next year, its head Fatih Birol told Reuters on Tuesday. .
Russia would not supply oil to countries that impose a price cap, Russian Foreign Ministry spokeswoman Maria Zakharova said.
Source: CNN Brasil
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