The price of a barrel of North Sea Brent rose by $ 1.18 to $ 52.98.
The subscription period for small shareholders ends on November 28th, institutional investors can decide until December 4th.
Oil prices rose significantly at the beginning of the new year. Traders cited the good mood on the Asian financial markets as the reason. A barrel (159 liters) of the North Sea variety Brent cost 52.98 US dollars (43.18 euros) on Monday morning. That was $ 1.18 more than on Thursday (December 31, 2020). The price of a barrel of the US West Texas Intermediate (WTI) also rose noticeably by $ 1.01 to $ 49.53.
As was the case for much of the past year, oil prices will also be driven in the new year by the development of the corona pandemic. The prospect of nationwide vaccinations has been providing a boost for some time. This is accompanied by the hope of a noticeably more robust economy with higher oil consumption. Accordingly, oil prices are currently near their highs since the first corona wave in spring 2020.
However, the progress of the pandemic is uncertain. The OPEC + oil association has therefore agreed to proceed with caution. At the beginning of the year, daily crude oil production was increased by 500,000 barrels. On this Monday, the association wants to discuss how to proceed from February.
