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Oil: Prices up slightly

09/09/2022
Categories: Raw materials

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Oil picks up on Friday, September 9, 2022 in a context where Russian deliveries are uncertain.

Oil prices were up slightly, with Brent trading above $90, driven by possible interruptions in Russian hydrocarbon deliveries and the relative decline Of the dollar. Around 09:45 GMT (11:45 CET), a barrel of Brent from the North Sea for delivery in November took 1.87% to 90.82 dollars. Meanwhile, US West Texas Intermediate (WTI) barrels for delivery in October rose by 1.72% to $84.98. The two oil references regained ground at the end of the session on Thursday after two days of loss. Since the greenback is the reference currency in the oil market, its fall benefits investors who use other currencies, increasing their purchasing power.

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