WTI crude oil futures rose towards the close of trading on the US stock exchange, despite the release of 50 million barrels of energy from US strategic reserves. The relevant data is presented on Tuesday on the website of the New York Mercantile Exchange, TASS reported.
By 4:00 pm on the east coast of the United States, the cost of WTI oil supplies in January increased by 2.3% ($ 1.75), to $ 78.5. The situation is such that the impact [of the release of oil on prices] will be moderate and much depends on what the demand for it will be, MarketWatch portal reported..
A decrease in energy demand should not be expected, even despite the increase in cases of coronavirus infection and the introduction of restrictive measures in this regard in a number of countries.