The global price of oil today, 15 December; Brent oil was 76 dollars and 51 cents
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The price of a barrel of Brent North Sea oil today increased by 58 cents, equivalent to 0.76%, to 76 dollars and 51 The tradition arrived. Texas Intermediate oil West also increased by 83 cents, equivalent to 1.13%, to $73 and 96 cents is traded.
Brent oil has increased by 3.3% and American oil by 5% over the past week.
China introduced new fiscal stimulus to boost economic growth this week and in a surprise move raised the wages of civil servants. China has also significantly increased long-term bond financing to boost business investment.
The forecast of cold weather in some regions and the expectation of increased demand for oil for heating have supported the price of oil to some extent.
Another factor in the increase in oil prices is the decrease in US crude oil reserves. According to the US Energy Information Administration, these reserves decreased by 1.2 million barrels last week and reached 415.6 million barrels.
But the increase in the value of the dollar prevents the excessive increase in oil prices. Despite the drop on Friday, the dollar is experiencing its best performance in the last 2 months.