Oil prices rose at the end of trading on Monday, for the third session in a row, supported by positive expectations from the organization of “OPEC” and data showing a decline in global inventories and a slowdown in exploration activity in the United States.
Futures prices for standard “Brent” crude for January delivery rose by 1.30% or by 1.09 dollars to 82.52 dollars per barrel.
The prices of futures contracts for US crude “Nymex” December delivery also rose by 1.40% or by 1.09 dollars to 78.26 dollars per barrel.
“OPEC” today raised its forecasts for the growth of global oil demand during the current year to 2.46 million barrels per day, an increase of 20 thousand barrels from its previous forecasts.
