Oil prices continued to rise on Wednesday, with expectations rising that demand for “black gold” will increase as the global economy recovers from the crisis caused by the coronavir pandemic.
On the New York Stock Exchange, the price for future deliveries reached the highest level since October 2018, but on the London Stock Exchange – the highest mark since May 2019.
Prices continued to rise, although OPEC + countries decided on Tuesday to continue to increase oil production at least until the end of July.
Meanwhile, price dynamics on stock exchanges continued to be driven by investor optimism about economic recovery, overshadowed by concerns about rising inflation.
The Dow Jones Industrial Average rose 0.1% to 34,600.38 points on Wednesday, the Standard & Poor’s 500 rose 0.1% to 4208.12 points, and the Nasdaq Composite index rose 0.1% to 16,673.96 points.
The London Stock Exchange index FTSE 100 rose 0.4% to 7108.00 points on Wednesday, the Frankfurt stock exchange index DAX 30 rose 0.2% to 15,602.71 points, while the Paris stock exchange index CAC 40 rose 0.5% to 6521 .52 points.
In the New York Stock Exchange e-commerce, the price of WTI crude oil rose 1.6% on Wednesday to $ 68.83 a barrel.
The price of Brent crude rose 1.6% to $ 71.35 a barrel on the London Stock Exchange.
The euro rose against the US dollar from 1.2213 to 1.2216 dollars per euro on Wednesday, the British pound against the US dollar rose from 1.4150 to 1.4172 dollars per pound, and the US dollar against the Japanese yen rose from 109.48 to 109.55 yen per dollar. The euro depreciated against the pound sterling from 86.31 to 86.16 pence per euro.
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