The weakening of the US dollar increases the demand for assets denominated in dollars.
Oil production increased by more than 20% due to hydraulic fracturing in pilot wells.
With this condition, the company will sign a management agreement with the Asset Recovery and Management Agency.
Over the past week, Brent rose by 6.1%, WTI – 6.4%.
ARMA has chosen a manager for the oil product pipeline.
As a result of the inspections, the tax office also stopped the work of 10 gas stations and seized equipment for UAH 4.8 million.
Optimism about the outlook for demand remains a key component of oil market growth.
Diesel fuel was transported to filling stations, where it was sold to the population.
Previously, oil prices reached their highest level since mid-March.
Oil demand forecasts are volatile given that the global COVID-19 situation remains uneven.
Last week, Brent price decreased by 2.9%, WTI – 3.5%.
Rising COVID-19 incidence and new lockdowns are putting pressure on prices.