The oil price exceeded 70 dollars

Цена на нефть превысила 70 долларов

Prices are rising on hopes of the market that the US and China to resolve their trade contradictions. Also, there is a high demand for oil.

World oil prices rise in the course of trading on Tuesday, April 10. This is evidenced by the operational data of trading.

So, the price of the June futures for Brent crude on the London ICE Futures exchange to 15:00 Moscow time has risen to $1,55 (2,26%), to $70,20 per barrel.

In turn, the WTI crude oil at auction new York Mercantile exchange (NYMEX) rose by $1,41 (2,22%) to $64.83 for a barrel.

Oil prices rise on hopes of the market that the US and China to resolve their trade contradictions, according to the Western media. Among the other factors indicated a high demand for “black gold” and the commitments the countries participating in the Pact OPEC+.

Also, the market expects the publication of the weekly stocks of oil and oil products in the United States from the American petroleum Institute (API) and the statistics of the energy information Administration (EIA).

Earlier it was reported that Bahrain discovered oil field, which is the largest in this country since 1932.

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