Brent crude oil is trading at USD 66.91 per barrel on the international market this Monday, after closing the previous session at USD 66.90, marking an appreciation of +0.69% compared to the prior close.
Futures market prices for crude oil are moving close to the forecast set in Angola’s 2025 State Budget, which projects an average of USD 70 per barrel and a production of 1.098 million barrels of oil per day.
Brent crude serves as a key benchmark price for oil purchases worldwide. Although it originates from the North Sea, oil production from Europe, Africa, and the Middle East often trades in relation to Brent prices.
Source: Angop
