The Brent with the highest price since 2015

Brent has risen to its highest levels since 2015 today, after an unplanned closure to repair a North Sea pipeline. This has resulted in serious supply difficulties and has helped to raise the cost of raw material.
The Brent with delivery in the next month traded at $64.73 a barrel early this morning.
Raw material has begun to rise before the meeting of OPEC, which reached agreement to extend production constraints by the end of next year. The decision was also backed by Russia.
However, this time, unlike the previous one, OPEC's decision did not lead to a sharp depreciation of the price of "black gold."
More and more analysts are starting to talk about a price of 70 or even $80 a barrel next year. The good performance of the global economy and the possible depreciation of the dollar may be the factors that will predict similar high prices.
Brent peaked yesterday, at $64.93 a barrel, or its highest price since June 2015.
US crude oil was traded at $57.98 a barrel.

Oil with a slight increase in expectations of US stocks report

Oil prices rose slightly today due to expectations of a decline in oil stocks in the United States and after the OPEC deal last week to extend production constraints.
The Brent with delivery next month added nearly one percent to its value, to a level of $63 a barrel.
US crude oil is traded in the morning at $57.40 a barrel or with no significant change from yesterday's levels.
Last week, OPEC countries agreed to continue their production restrictions at 1.8 million barrels by the end of next year. This, however, was not followed by much reaction to the price of oil.
According to Goldman Sachs analysts, Saudi Arabia and Russia have shown a strong will to continue the production constraints by lowering their forecasts for the price of Brent and US crude oil to 62 and 57.5 dollars respectively.

Oil with the worst performance for the first half of the year since 1998

The weakness of the dollar and weaker production in the US have triggered a rise in oil prices over the week. However, this did not prevented the raw material from registering its worst performance for the first half of 1998.
Brent finished the first six months of the year, at levels of nearly $49 a barrel, and US crude at $46.30 a barrel.
Thus, since the beginning of the year, the Brent has lost 15% of its value, and US crude oil - nearly 18%. This is also their biggest decline for the first six months since 19 years, statistics show.
The start of the sharp decline in oil has happened surprisingly after the decision by the OPEC countries to continue their production cuts by March next year.
The effect of the decision, however, was largely offset by the data that producers such as Nigeria and Libya virtually increased their production in May of this year.
In addition, data for a faster-than-expected growth in US production also had a negative impact on oil prices. Increased production is also present with other non-OPEC producers - including Brazil and Canada.