At the same time, over the past day, the price has increased by another 1%. March futures for WTI crude oil rose to $ 57.44 per barrel, also adding another 1% per day.
As Kommersant reminds, for the majority of shale producers selling oil at a price of $ 60 per barrel or more is profitable. As the newspaper notes, referring to Baker Hughes, in January this year, oil production in the United States increased by 9%, which, although it remains almost half of the level of production last year, but poses a threat to the global market as a whole. Following the US, OPEC+ countries may also increase production in order not to lose market share.