Russia and Belarus’ conflict leads to increase of world oil prices

The price of WTI oil that has to be supplied a month after it is ordered with the help if an Internet trade system has exceeded 80 dollars per barrel at an American exchange NYMEX 4.
According to “Lenta.ru”, the increase in the prices is connected with the oil conflict between Russia and Belarus.

Reuters reports that Russia stopped oil supplies to Belarusian oil-processing plants at the beginning of January. The information has not been confirmed officially yet.
The conflict between Russia and Belarus arose due to the absence of a new oil transit contract.


Photo by: ByMedia