According to Safonova, the data on US oil and petroleum products stocks influenced the change in oil quotations.
“In addition, with the onset of the autumn season, the risks of an energy crisis on the European market are significantly increasing against the backdrop of gas shortages, which may force consumers to look for alternative energy sources, which include oil and oil products,” the analyst explained.
As the specialist noted, one of the main factors influencing the growth of oil prices is the formation of a stable trend towards the reduction of reserves of raw materials.
“Also, the Minister of Energy of Saudi Arabia, Prince Abdulaziz bin Salman, said that free reserve capacity is limited, and the risk of serious interruptions in supply remains high,” the expert added.
Earlier it was reported that the price of Brent oil reached $101 per barrel.