World oil prices accelerated growth to 1.1-1.5 percent, according to trading data.
At the same time, the value of the American WTI brand rose above $ 85 per barrel for the first time since October 2014; December futures are trading at $ 85.03.
The price of January futures for Brent crude oil rose by 1.11 percent to $ 85.59 per barrel.
Some members of the OPEC+ deal, led by Saudi Arabia, have previously stressed the need to be careful about the pace of increasing fuel production. According to experts, it was these statements that caused the price increase.
Due to the drop in oil demand caused by the coronavirus pandemic, OPEC+ had reduced development by 9.7 million barrels per day since May last year. As the situation stabilized, the terms of the agreement were adjusted. And since August 2021, the alliance has been increasing production by 400 thousand barrels per day monthly, hoping to gradually withdraw from its obligations by the end of September 2022.
According to Goldman Sachs, global demand for this type of fuel has already reached 99 million barrels per day. It will soon return to the before COVID level of 100 million, as most Asian consumers are already recovering from the delta strain.