Brent oil for December delivery rises to $88.82

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Brent oil for December delivery rises to $88.82
Brent oil for December delivery rises to $88.82

Africa-Press – Eswatini. The price of a barrel of Brent oil for delivery in December ended yesterday on the London futures market up 0.98%, to US$88.82.

The price of Brent appreciated given speculation among investors about plans by the group designated OPEC+, which brings together members of the Organization of Petroleum Exporting Countries (OPEC) and allies such as the Russian Federation, to reduce by one million barrels a day to boost the prices.

But fears about a global cooling of the international economy have weighed on oil negotiations in recent weeks.

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