Oil prices continue to rise, with the US crude oil of reference, the WTI (West Texas Intermediate), which reached 84.45 dollars per barrel (+ 0.37%), not far from the highs recorded in 2014, after the decision of OPEC +, the Organization of Exporting Countries, to only slightly increase daily production in December of this year.

The international reference Brent gains 0.65% and stands at 85.34 dollars a barrel.

The United States has for now postponed the decision to draw on its strategic reserves, but a possible intervention by the Biden administration is not ruled out.

The average price of gasoline in American distributors has in fact exceeded three and a half dollars a gallon and inflation continues to run, with negative prospects in view of the arrival of winter.

The American president and the heads of state and government of the main consuming countries had asked to increase production beyond the 400 thousand barrels per day agreed in the summer, to temporarily stop the lack of crude oil and mitigate prices, but the organization led by Saudi Arabia and Russia did not listen to them.

The White House reacted bluntly: "OPEC + risks jeopardizing the global economic recovery".

The next meeting of the Organization has been set for December 2nd.

(Unioneonline / F)

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