Oil price exceeds US$84 per barrel

Oil price exceeds US$84 per barrel

Oil prices hit new records. According to the London Stock Exchange, the cost of Brent crude has exceeded US$84 per barrel for the first time in three years, rising up by 2.5 percent. WTI crude prices topped US$81 a barrel. Such dynamics persists due to the decision of the OPEC+ to keep the plan on increasing the oil output by 400,000 barrels per day in November. There are forecasts of prices to grow up to US$86 a barrel in the near future.


Translation by Saniya Sakenova

Editing by Galiya Khassenkhanova