Oil prices continue to rise, supported by: the sanctions policy of the United States, a significant reduction in US oil inventories and optimistic outlook for global demand.

According to the Energy Information Administration (EIA)

, US oil inventories last week fell to their lowest level since April 2022. At the same time, OPEC+ remains cautious about increasing production. On the demand side, global oil consumption increased by 1.2 million bpd in the first two weeks of 2025 compared to the same period last year, although the figure was below expectations, analysts at JPMorgan said. The price is in the area of the previously mentioned $78.50 mark.