Brent oil (a benchmark for Angolan exports) for delivery in April started the week’s session, this Monday, February with a drop of 0.61 percent, standing at US$85.86 a barrel.
On Friday 10th February (end of session), Brent for April was traded on the Intercontinental Exchange (ICE) up 2.24 percent ($1.89), at $86.39 a barrel. In turn, WTI oil, a benchmark in the United States of America, fell by 0.68 percent yesterday 13th Feb to US$79.19.
Globally, oil futures contracts closed higher on Friday, driven by the cut in production in Russia, which should contribute to a reduction in supply, already affected by the earthquake in Turkey.
According to analysts, optimism regarding Chinese demand remains, which contributes to sustaining prices. Next month, Russia plans to cut crude oil production by 500,000 barrels per day (bpd), about 5 percent of production.
On the other hand, a group of around 40 countries, including members and non-members of the International Energy Agency (IEA), is meeting this week to discuss measures to strengthen the supply of natural gas, due to the energy crisis that the world lives.
