The price of oil exceeded $ 62

Цена на нефть превысила 62 доллара

Black gold rises in price on news of the change of the Minister of energy of Saudi Arabia, as well as data on the reduction of drilling rigs in operation.

World oil prices reference marks are moderately rise on the news of the change of the Minister of energy of Saudi Arabia. This according to the auction the morning of Monday, September 9.

So, as of 09:20 on Kiev November Brent crude on London’s ICE Futures exchange rose $0,66 (of 1.07%) to $62,20 per barrel.

The cost of the futures on WTI for October on the electronic session on the new York Mercantile exchange (NYMEX) rose $0.68 to (1.20 percent) to $57,20 per barrel.

Thus, the spread between the current contracts for Brent and WTI is $5.00 per favor of Brent.

At the weekend it became known that the king of Saudi Arabia has sent in the resignation of the country’s energy Minister Khalid al-falikha, appointed to this post his son Prince Abdulaziz bin Salman al Saud. He was part of the delegation of Saudi Arabia to OPEC, and has experience in the oil industry. Analysts believe that the new Minister will take action for a more rapid reduction in the supply of oil on the market that can maintain the prices of “black gold”.

Among the factors, also supported the oil market, the continuing decline in the number of drilling rigs operating in the United States. According to Baker Hughes, the number of installations last week decreased by four units to 738 units.

We will remind that last week oil prices stuck above $60 per barrel amid positive economic data from China.

News from the Telegram. Subscribe to our channel

Fluctuations in oil prices

Oil production in Iran fell to the lowest level in 30 years

Sweetserenity war, the United States and Iran. Forecast Stratfor

The plot isthe Conflict in the Persian Gulf. Who is attacking tankers

Iran wants a non-aggression Pact in the Persian Gulf

A booby-trapped drone caused the pipeline fire in Saudi Arabia