Oil prices and European stock market went up. Volatility has increased significantly due to uncertainty about the future of the world economy.
The volatility reached its peak for more than a month due to the fact that oil becomes increasingly attached to various stock markets. According to the state governments, the U.S. stocks last week fell, but the assurances of the American petroleum Institute, the situation is reversed — he has recorded the growth of national reserves of nearly 7 million barrels.
“At the end of the year volatility always grows, so it is not necessary to judge the future market at the current price” — the analyst of consulting company JBC Energy Gmbh in Vienna.
WTI futures for January rose in price by 81 cents to $45,42 per barrel, though, and yesterday, the contract fell $1,61. The total trading volume is at the level of the 100-day average.
February futures for the world mark Brent rose 63 cents to $52,79 per barrel. Contracts for March, trading activity which is already higher in February, up 67 cents to $53,40. February futures for the world brand over the past thirty days were more expensive on average at $7,55 than WTI.
