Markets are evaluating data from the American Petroleum Institute on the growth of stocks in the past week.
Last week, the price of Brent oil rose by 8.4%, WTI - by 8.1%.
Experts explained how the cost of raw materials would change in the future.
Since the beginning of this week, Brent has risen in price by 11%, WTI – by more than 8%.
Brent price went up above $40.
The head of the Ministry of Energy of Russia discussed the possible fate of a deal to restrict production next year with top managers of Russian oil companies.
The situation with oil prices has not demonstrated stability over the past 4 months.