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Oil prices hit a three-year high

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.

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