Oil prices vary amid external fluctuations

Oil prices on December 27 morning vary against an ambiguous external background, according to trading data, Report informs citing Prime.

As of 9:05 (GMT+4), the price of March futures for Brent crude rose by 0.16% to $75.92 per barrel, February futures for WTI decreased by 0.87% to $73.15 per barrel.

Oil traders at the end of the calendar year refrain from harsh actions. At the same time, on January 4, the market is waiting for the next OPEC+ meeting.

Oil prices vary as the focus shifts to the upcoming OPEC meeting on January 4, at which the alliance is expected to decide whether to continue increasing production by 400,000 barrels per day, the Wall Street Journal reported.

In addition, according to Bloomberg, Japan began selling oil from strategic reserves to lower prices. Earlier, the US, the UK, South Korea unsealed their strategic reserves.