Oil traders are optimistic - black gold is rising in price
Oil traders finish the outgoing year in a good mood - Brent black gold is trading at more than $ 66 per barrel, while WTI crude oil is close to $ 60 per barrel. According to experts, two events were catalysts for the growth of oil prices in the world market: a reduction in the growth of oil production in Libya and commodity reserves of oil in the United States. The Libyan export terminal in the port of Es Sidr is operating at half its capacity due to an explosion on the pipeline. Repair workers promise to repair the pipeline in a week. And commodity stocks of oil in the US stores will continue to decline. Also, the growth in oil prices was promoted by the fact that Japan increased purchases of raw materials in November by 5.9 percent in annual terms. However that may be, the last days of the outgoing year give optimism to the hydrocarbon market and the hope that the new 2018 will not be rich in unexpected "surprises".
