The prices of crude oil on the world market have been almost continuously growing since February 10 and 11, with a slight difference between European and American prices.
Ending with Monday, the price of crude oil in the United States amounts to around 33 dollars per barrel, which represents a growth result from the period when the price was at the record low amount of 27 dollars.
European partners are buying oil at a slightly higher price of 35 dollars, while the value of the black gold amounted to little over 30 dollars per barrel only 20 days ago.
The evident growth by five dollars or around 15 percent started on February 10/11 and it is further strengthened by the Russian-Saudi agreement on freezing the production of the main world source of energy.
As a reminder, two of the largest worldwide producers of crude oil, Russia and Saudi Arabia, have suspended the production in mid-February. The decision was made after the meeting of representatives of Russia and the Organization of Petroleum Exporting Countries (OPEC) in Doha.
Saudi Arabia produced 10.2 million barrels of oil daily in January, while Russia’s daily production in the same month amounted to nearly 10.9 million barrels.
(Source: klix.ba)
