Oil market extended gains on bullish OPEC’s monthly report
Besides, the US initiated a probe into the violation of sanctions on Russian oil exports, which also stoked fears over supply disruption.
International benchmarks for crude oil ended the morning session on Monday, 13 November 2023 higher after OPEC said in its monthly report that the market fundamentals remained strong while stuck to the bullish 2024 forecasts. Besides, the US initiated a probe into the violation of sanctions on Russian oil exports, which also stoked fears over supply disruption.
Brent jumped $1.09 or 1.3% to close at $82.52/barrel.
WTI gained $1.09 or 1.45 to close at $78.26/barrel.