Oil prices rose, during today’s trading, by more than 1%, and “Brent” crude exceeded the level of $81 a barrel, for the first time since the end of last November.
Brent crude futures rose 1.43% to $81.14 a barrel. Meanwhile, US West Texas Intermediate crude futures rose 1% to $77.74 a barrel, according to Bloomberg website data.
It is noteworthy that the “OPEC +” group decided to maintain its path to gradually increase production, and decided to raise “the total level of production by 400,000 barrels per day in February 2022.