Oil prices rise fourth consecutive session

Oil is growing in price during the fourth consecutive session against the backdrop of growing demand for risky assets.
The price of April futures for Brent crude on the London Stock Exchange ICE Futures rose by $0.38 (0.59%) - to $65.22 per barrel.
The cost of the WTI futures contract for March in the electronic trading of the New York Mercantile Exchange (NYMEX) increased by $0.41 (0.66%) to $62.09 per barrel.
According to experts, oil prices could again shift to a decrease if another weekly report from the US Department of Energy indicates an increase in oil production in the country. At the same time, the volume of oil produced in the States is already at a record high in history.
At the end of last week, the oil service company Baker Hughes reported an increase in the number of operating oil drilling rigs in the US for the fourth week in a row - to 798.
The indicator mainly reflects the recovery of production at shale deposits. It is expected that by the next month, production at the Permian field will grow to a record 2.99 million barrels per day. With this indicator, the region could take the fourth place among all the OPEC countries.