Oil prices rise in anticipation of increased demand

Global oil prices rose on December 6 morning, Report informs referring to the trading data.

Investors are evaluating the prospects for growth in demand for crude in China and the introduction of a price cap for Russian oil.

The price of February futures for Brent crude rose by 0.28% to $82.91 per barrel, January futures for WTI grew by 0.34% to $77.19.

Markets are assessing the prospects for growth in oil demand after the easing of quarantine restrictions in China, one of the world's largest oil importers and consumers.

Investors also assess the prospects for the supply of oil after the entry into force of Western sanctions. Thus, the European Union ceases to accept Russian oil transported by sea, and the G7 countries, Australia and the European Union impose a price limit on its sea transportation at the level of $60 per barrel.