For the first time since October 2018, Brent crude prices have exceeded $ 77 per barrel, according to trading data. The value of black gold has been growing continuously for the fourth day in a row. Experts associate the rise in prices with a number of factors that have been affecting the market situation for a long time:
• Fuel demand growth due to the recovery of the global economy after the corona crisis;
• Reduction of inventories of commercial and crude oil in the United States;
• Slow recovery of black gold production in the Gulf of Mexico after Hurricane Ida;
• A shortage of natural gas supplies in Europe, which may affect the energy complex in winter as a whole.
According to forecasts of some top managers of large oil and gas companies, the price of black gold in the near future may reach $ 100 per barrel.