Brent crude is trading above $ 52 for the first time in two weeks

Нефть Brent торгуется выше 52 долларов впервые за две недели

Oil rises in price on expectations of a renewal agreement to limit oil production.

The price of Brent crude oil is actively growing Monday, may 15, and exceeded 52 dollars a barrel for the first time in two weeks on expectations of a renewal agreement to limit oil production.

The July futures for Brent crude on London’s ICE Futures exchange rose $ 1.20 – to $ 52.04 a barrel. Futures price for WTI crude oil for June on the electronic trading on the new York Mercantile exchange (NYMEX) increased by 1.09 dollar – up to $ 48.93 per barrel.

Earlier it was reported that Saudi Arabia and Russia is ready to extend the agreement OPEC and non-OPEC to reduce oil production for another nine months – until the end of March 2018.

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According to the materials:

Interfax
Source

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