Oil prices rise ahead of stock market opening
Published
Oil prices rose ahead of the stock market opening. Brent futures for January delivery increased by 0.9 percent to 111.78 dollars per barrel.
Brent is one of the most important reference prices for crude oil in the world. The price affects, among other things, petrol prices and is of great significance to Norway, because oil and gas are an important part of our exports and provide large revenues to the state.
The increase was small, but investors are keeping an eye on the oil price before the stock exchange opens. Changes in the price can have an impact on shares in energy companies and on the value of the Norwegian krone. The short report does not state what caused the price increase.
The price remains at a high level. It is therefore important to follow developments in the oil market going forward, both for investors and for the Norwegian economy.
Sources: Finansavisen
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