The raw material market cheerfully moves up

oil prices are rising on Monday. Barent Brent rose to $ 80.81. Technically, on the daily bent trading schedule, a growth impetus for $ 80.80 was implemented, which opens up the road to $ 82.50 to customers. Since yesterday, January 8, China has canceled the obligatory quarantine for all those entering the country. In addition, the process of issuing visas and permits for temporary stay for foreigners began. Some restrictions are still preserved, but, in general, the news is certainly positive.

Celestial Empire opens the boundaries. It means, that it can increase the demand for energy.

an additional support factor is the start of the New Year holidays in China. Social mobility expands, which is also positive for the oil market. Friday statistics from Baker Hughes showed a decrease in the number of active drilling rigs in the United States per week by 3 units, up to 618 pcs.

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