The price of oil increased sharply on the background of the transaction OPEC+

Стоимость нефти резко выросла на фоне сделки ОПЕК+

The price of “black gold” round up the week with a sharp increase

Brent crude in London rose $3,56, while the price of WTI in new York increased by $2,68.

World oil prices reference marks dramatically increased in the last working day of the week amid news of a deal OPEC+. This according to the auction on Friday evening, December 7.

So, the price of February futures for North sea Brent Brentна the London exchange ICE Futures at 17:45 in Kiev rose to $3,56 (of 5.93%) to $of 63.62 per barrel.

In turn, the price of oil WTIс January delivery in electronic trading on the new York Mercantile exchange (NYMEX) rose by $2,68 (5,20%) to $of 54.17 per barrel.

Thus, since the beginning of this week Brent rose by 6%, WTI – by more than 5%.

Earlier on Friday it became known that countries of the Organization of countries-exporters of oil and partners (OPEC+) agreed to cut oil production in 2019 at 1.2 million barrels per day. This was announced by the Minister of oil of Iraq tamer al Gadban.

According to him, of the total decline of 800 thousand barrels per day will come from OPEC countries and the remaining 400 thousand b/d – for countries outside the cartel. Thus, each country needs to cut oil production by about 3%.

Last week it was reported that in November the price of Brent crude fell by 22%, WTI – by almost 23%. It was the sharpest monthly drop in prices in 10 years.

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