On Friday afternoon, world oil prices accelerated their growth by more than 1%. The increase is facilitated by data on a decrease in stocks in the United States. The current Brent quote is $84.47 per barrel, North American WTI oil is trading near $80 per barrel. Investors are actively analyzing the prospects for supply and demand in the oil market. According to experts, there is still a shortage of supply in the oil market. Analysts emphasize that recent significant reductions in reserves indicate that the oil market remains in short supply. According to the report of the Ministry of Energy, last week commercial oil reserves in the United States decreased by 6.13 million barrels. At the same time, gasoline reserves increased by 1.47 million barrels, and distillates – by 945 thousand barrels. However, it is assumed that the demand for oil may decrease in 2024 and may be fully offset by an increase in supplies from non-OPEC countries.
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