Oil is rising at a record pace

Нефть дорожает рекордными темпами

Oil prices exceeded $ 75 per barrel

Oil prices rose more than one percent on the day due to fears of disruptions in deliveries.

In trading on Monday, 30 July, oil prices are actively growing, while WTI is more expensive at a record pace during the month due to growing concerns about interruptions to deliver fuel. This writes Interfax-Ukraine.

Price of the September futures for Brent crude on London’s ICE Futures exchange rose $0.82 to (1.1 percent) to $75,11 per barrel.

The September contract on oil WTI at auction new York Mercantile exchange (NYMEX) rose $1.58 of (2,3%) to $70,27 per barrel.

It is noted that in the North sea three deposits reduces oil production due to the start of the protest workers.

Meanwhile, in the media, rumors that the canadian oil producer that is delivered in the United States about 350 thousand barrels per day from oil Sands and closed in late June because of an accident, can resume work later than scheduled. It was originally planned that the plant will be in early August.

However, tensions in the middle East, where from August 4 shall enter into force the first round of U.S. sanctions against Iran. Assessment Barclays, the actions of States can cut oil supplies from the country to 700 thousand barrels per day.

In turn, Saudi Arabia is not yet restored oil supplies through the Bab El-Mandeb Strait in the Red sea in full.

Recall that in mid-July, the Brent oil fell to a three-month low to $71,77 per barrel on the news about stocks and the level of fuel production in the United States.


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