After nearly a month of relatively continuous fall in fuel prices, this week was reported the first important increase in the value of black gold on the world market.
For the third consecutive day, the price of a barrel of oil is rising on the US and European markets, and prices on Wednesday morning ranged from 46 USD to 47 USD. On Tuesday was recorded particularly interesting growth of as much as 2 USD in just 24 hours.
Prices started to rise after they reached a minimum of about 43 USD per barrel, which is a similar scenario to last two sudden jump of prices of a barrel of oil.
At the beginning and the end of September was recorded the end of falling prices at about 43 USD, which was followed by the shorter periods of increase of prices.
Looking at a longer period of time, it can be said that oil prices have not fluctuated significantly since April 2016. The mean value of Europe’s oil is around 47 USD, with the lowest points of the 41 USD and highest of 53 USD per barrel.
In comparison, radical fluctuations were recorded from January 2015 to April 2016 were the prices ranged between 27 USD and 70 USD per barrel.
(Source: klix.ba)
