Home Amaze Oil continues to rise in price

Oil continues to rise in price

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The reference brand of oil in today’s trading continue to show a moderate rise in price. Reports replyua.net about it reports “Interfax” referring to Dow Jones. In particular, it is known that the lift does not stop for the eighth consecutive session, and a similar process was not observed since mid-2017. Meanwhile, the February futures for oil of Brent crude on the London exchange ICE Futures in the morning rose by 0.81 per dollar (1,38%) – to 59.53 per barrel. By results of trades on the previous day the price rose to 1.39 per dollar (of 2.42%) and was closing 58,72 USD per barrel.

As for the quotations of WTI oil futures for January on the new York Mercantile exchange (NYMEX), today in the morning they rose by 0.81 per dollar (1,63%) – to 50.59 per barrel. The results of the last session the price rose by 1.26 dollars (2,6%), finished the day on record of 49.78 per barrel.

It should be recalled that yesterday afternoon, Brent crude in London has risen in price to 0.99 dollar and the price of WTI in new York has risen to 0.78 dollar. It is also known that on 7 December, the OPEC countries agree on reducing oil production in 2019 at 1.2 million barrels per day.

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