The price of oil reached the highest this year marks

Цена нефти достигла наивысшей в этом году отметки

Oil prices continue to rise

The price of oil continues to increase by a decline in shipments and U.S. sanctions against Venezuela and Iran.

On the morning of Thursday, 14 March futures for Brent oil for delivery in may increased in price to 67,80 per barrel. This is evidenced by the auction.

So, as of 8:10, the price of futures for Brent oil increased by 0.37%.

Thus, the price of Brent crude on Thursday reached its highest level this year, boosted by the continued reduction of supply, taking into account OPEC and the US sanctions against Venezuela and Iran, Reuters reports.

At the same time, the price of April futures for WTI rose to 58,42 dollars per barrel, up 0.27 percent.

On the eve of Secretary of state Mike Pompeo said that the United States intends to bring Iranian oil exports down to zero.

Earlier this week, oil prices grew on the statements of the Minister of energy of Saudi Arabia Khalid al-falikha on a low probability of changes in the terms of OPEC+ at the upcoming meeting in April.

According to the February report of the OPEC, Saudi Arabia has reduced oil production in January on a monthly basis to 401 thousand barrels per day, to 10,243 million barrels per day.

 

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