Global oil prices rise moderately amid limited supply

World oil prices rose slightly on October 21 morning amid limited supply, while the potential for this growth in the face of expectations of a global economic recession is small, reported from the auction data.

The price of December futures for Brent crude rose by 0.63% to $92.96 per barrel, December futures for WTI - by 0.69% to $85.09.

Oil prices rose in the course of trading, while investors continue to assess the underlying factors of the market. The main attention of traders is focused around the risks of a global recession, which will be negative for oil demand.

Later on October 21, Baker Hughes, the US oilfield service company, will also publish data on the number of active oil rigs in the US. During the week to October 14, their number increased by 8, to 610 units

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