On Tuesday, oil quotations are growing due to the lack of US statements about its intention to start selling raw materials from the Strategic Petroleum Reserve (SPR), which the market was waiting for, Interfax reports.
Senate Democratic Majority Leader Charles Schumer called on President Joe Biden last weekend to start selling oil from the SPR, noting that Americans, faced with a spike in gasoline prices, needed immediate help. US Energy Secretary Jennifer Granholm told CNN that Biden is considering the tools available to him, including the sale of oil from the strategic reserve.
Brent January futures rose in price by $0.68 (0.83%), to $ 82.72 per barrel at the London ICE Futures exchange. On Monday, Brent fell by $0.12 (0.2%) to $82.05 per barrel.
WTI December futures price increased by $0.54 (0.67%) to $81.42 per barrel at the New York Mercantile Exchange (NYMEX). During the previous session, the contract rose by $0.09 (0.1%) to $80.88 per barrel.
In accordance with the monthly forecast of the Energy Information Administration (EIA) of the US Department of Energy, released on Monday, oil production at the country's seven largest shale fields will increase in December by 85 thousand barrels per day (b / d), to 8.316 million b / d.
Oil production in the Permian Basin next month may increase to 4.95 million bpd, which will exceed the record level recorded in March 2020, the EIA predicts.
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