Date: 6 months ago   Category: Financial

Oil finishes week active growth in three years


Since the beginning of this week Brent rose in price for 10.8% whereas WTI - for 7.4%, the highest rates since June. Prices of oil of Brent following the results of a week show the most active growth since December, 2016 - investors are pleased by signals of decrease in production by the states of OPEC. So, the sartovsky future for Brent at the London's ICE Futures Exchange rose in price for 3.40%, up to $57.85 for barrel. The contract for WTI with delivery in February on the New York Mercantile Exchange (NYMEX) grew in price of 3.40% - up to $48.69 for barrel. Since the beginning of this week Brent rose in price for 10.8% whereas WTI - for 7.4%, the highest rates since June. Oil production by all states of OPEC last month was reduced by the maximum size almost in two years, results of survey conducted by the Bloomberg agency among traders and analysts and also data on the movement of tankers demonstrate. The OPEC in December reduced oil production by 530 thousand barrels in (sugar-free) day, to 32.6 sugar-free million. Let's remind, on December 7 the countries of OPEC agreed about reduction of oil production in 2019 on 1.2 million barrels a day. From this volume of decrease in 800 thousand barrels a day it is necessary on the OPEC countries, and other 400 sugar-free thousand – on the countries which are not entering into cartel. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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