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Oil: cost of raw materials is growing rapidly

The price of Crude Oil this morning went up amid good statistics from the United States of America. However, in general, due to the not very stable situation in the black gold market that has developed this week, the average oil price may be in the negative zone. An increase in raw material reserves in America should be considered the reason for the reduction. In addition, the rapid spread of coronavirus infection in the United States also puts serious pressure on the price of oil.This morning, the price of futures contracts for Brent crude oil for delivery in August on a trading floor in London rose significantly after an even more dramatic drop in the previous days. The rise was 1.49% or 0.61 dollars, which sent the brand to the level of 41.66 dollars per barrel. Recall that yesterday's trading also ended on a positive note: an increase of 1.8% or 0.74 dollars.The price of futures contracts for WTI light crude oil with delivery in August on the electronic exchange in New York today also moved upward to 1.45% or 0.56 dollars. Thus, its morning level was in the region of 39.28 dollars per barrel. Yesterday, at the close of trading,...

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Oil: cost of raw materials is growing rapidly

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