Date: 4 months ago   Category: Financial

Prices of oil have updated a four-year maximum


Prices of oil have updated a four-year maximum
Brent oil has exceeded a maximum since November, 2014, having risen in price up to 80,6 dollars for barrel. The world prices for oil sharply grow during trading on Monday, September 24. As Energoreforma writes, Brent has risen to a maximum since November, 2014. The November future for Brent rose up to $80,60 for barrel (2,3%), having exceeded the previous maximum of this year established in May on a mark of $80,50 for barrel. WTI with delivery in November has risen in price for 1,9%, up to $72,16 for barrel - a maximum since July 11. It is noted that the prices grow because of fears that sanctions of the USA against Iran can result in deficiency of the offer of oil. As writes Reuters, according to the forecast of the raw Trafigura and Mercuria traders, the price of the European standard of Brent by Christmas can grow to $90 for barrel, and at the beginning of 2019 to overcome a mark of $100 for barrel. Analysts of J. P. Morgan expect that the market will miss 1,5 million barrels of the Iranian oil a day because of sanctions of the USA against Iran whereas Mercuria gives number in 2 million barrels a day. In the USA the oil boom reduces turns because of insufficiently developed infrastructure. Commercial reserves of oil are in the USA at the minimum level since the beginning of 2015. As it was reported, oil has begun to rise in price sharply after the decision of OPEC on additional increase in oil production to compensate possible reduction of deliveries from Iran. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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