Oil prices stabilized, in trading today, Monday, after rising last week, in light of fears of a shortage of black gold in the markets.
By 09:25 Moscow time, US crude futures fell 0.05% to $82.48 a barrel.
While Brent crude futures fell by 0.05%, to $86.27 a barrel, according to Bloomberg agency data.
US crude contracts ended last week’s trading at $82.52 a barrel, while Brent crude contracts ended last Friday’s trading at $86.31 a barrel.
Last week, “Brent” rose by 1.4% and “West Texas Intermediate” by 2.3%, and thus the two benchmarks rose for the fourth week in a row.
And the markets received support from the expectations of the International Energy Agency, which was issued last Friday, as it indicated that the supply deficit in the global market in the third quarter will reach two million barrels per day.
This article was originally published by RT.