Oil prices go down, but end with growth for the fourth month in a row

The cost of Brent in February increased by 19%, WTI – by 21%.

Brent fell to $60.76 amid deterioration in IEA and OPEC forecasts

The pressure on the quotations on Thursday, February 11, had concerns about the prospects for oil demand.

Oil price: Brent - $61.15, WTI - $58.36

Experts expect the price of Brent to rise to $70 per barrel by the end of this year.

Brent crude oil continues to trade at $61 per barrel

Both Brent and WTI ended trading on February 9 at their highs since January 2020.

Benchmark oil prices go down

Oil prices decreased due to deteriorating demand prospects.

Brent price went down to $55.88 per barrel

On Thursday, oil prices declined due to data released by the American Petroleum Institute (API), showing an increase in the US stocks last week.