Bidding opened with growth in oil

On Friday, December 6, by the end of the day, Brent crude rose in price by 0.67%, to $ 70.00. In the European session, the price rose to $ 72.56. At this level, buyers met with resistance. After the release of American statistics, buyers retreated to the level of $ 69.21.

On Monday, December 6, at trading in Asia, oil is trading in positive territory. The external background did not deteriorate over the weekend. A barrel of Brent rose 1.78% to $ 71.22. Buyers resumed buying to gain a foothold above the $ 73 mark.

The oil market continues to receive support from the OPEC + decision to continue increasing production in accordance with the previously agreed plan, that is, to increase it by 400 thousand barrels per day in January. The technical picture is favorable for the continued growth of quotations to the level of $ 77.40. The longer the price stays below 72.50, the more likely it is to return to the $ 60 per barrel level.