Oil prices increased by more than 2% on Monday, after falling on the last Friday to the lowest level this year.
- Brent crude income was $ 1.68, which reaches $ 60.48 per barrel, a 2.9% increase.
- For it, suspected WTI recorded a 2.4% growth, or $ 1.21, which stood at 51.63 dollars per barrel.
In this way, some prices of heavy losses were received Friday, when they reached prices the lowest level since October 2017, among fear to grow up. Brent fell to $ 58.41 per barrel, and WTI dropped to $ 50.15.
However, Monday's renewal was limited by its uncertainty about the world's economic growth and increased signage in the supply, and including the production of Saudi Arabia records, ranging from 11.1 to 11.3 million barrels per day in November, according to business source, which was reported by Reuters.
$ 70 per barrel in 2019
The current supply is a & # 39; grow faster than the demand, and try to take over the world, and It is expected that the production of the Petroleum Change Nations (OPEC) Group will be at the next official meeting on 6 December.
For it, Goldman Sachs expects that the G20 meeting this week be catalyst for growth in raw material prices, and that OPEC and other countries reach agreement, which will lead to market reform.
"Although we do not believe that Brent prices, at 86 dollars per barrel, have been justified, we do not believe they are at least 59 dollars," said Goldman, who is a premise price of 70 dollars per barrel in 2019 for a & # 39; raw sign.