Date: 7 months ago   Category: Energy

Price of oil passed to growth on messages about readiness of Russia to reduce production — Rambler News Service


Photo: globallookpress.com/Daniel Radicevic Price of Brent crude oil passed to growth against the background of information on readiness of Russia to reduce production in 2019 within the agreement with OPEC, data of the trading of the Intercontinental exchange ICE demonstrate. As of 18:31 Moscow time cost of January futures for Brent increased to $59.44 for barrel. January futures for WTI crude oil rose in price up to $51.3 for barrel. Before November 29 the price of January futures for Brent crude oil fell lower than $58 for barrel — for the first time since the end of October, 2017. During trading the indicator reached $57.5 for barrel. January futures for WTI crude oil fell in price up to $49.47 for barrel. The Reuters agency with reference to own sources reported on Thursday that Russia is ready to reduce oil production in 2019 within the agreement with OPEC. Since the beginning of October of the current year Brent oil lost in cost more than $25 for barrel.

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