The price of oil topped $60 for the first time in two years

Цена на нефть превысила $60 впервые за два года

Oil ends in positive territory for the eighth week out of the last nine.

Oil prices are rising standard grades on Friday during trading, the price of Brent crude surpassed $60 a barrel for the first time from July 2015, writes Interfax.

Thus, the November futures for Brent crude on London’s ICE Futures exchange rose $0,92 (1,55%) to $60,22 per barrel.

The price of the contracts for oil WTI at new York Mercantile exchange (NYMEX) increased even more – $1.10 (2,09%) – to $of 53.74 a barrel, the highest level since mid-April.

As a result, the oil finishes in the black for the eighth week out of the last nine.

“Positive market sentiment supported by expectations that the OPEC agreement+ about restricting oil production will continue to operate after March 2018. The question of the extension of the agreement will likely be discussed at the next meeting of OPEC, held in Vienna from 30 November”, – stated in the message Agency.

As reported Корреспондент.netpreviously the world Bank downgraded its forecast for growth in oil prices. According to analysts, the average oil price in 2017 will be $53, and in 2016 – $56.

The IMF also lowered its forecast for global oil prices for 2017 and 2018. The Fund’s experts expect oil is cheaper than three dollars – is 51.9 and 52 dollars a barrel.

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