World oil prices topped $67 a barrel

Мировые цены на нефть превысили $67 за баррель

The price of “black gold” gradually grow

Brent crude in London rose $0.92, and the price of WTI in new York has risen to $1,03.

World oil prices reference marks grow moderately, reaching highs since November 19. This according to the auction on Wednesday evening, February 20.

So, the April futures for Brent crude on London’s ICE Futures exchange rose $0,92 (1,38%) and is trading at $67,37 per barrel.

Quotes of WTI oil futures for April at auction new York Mercantile exchange (NYMEX) rose $of 1.03 (1.82 percent) to $57,48 per barrel.

Black gold rises in price signals about the progress of US and China in trade negotiations, as well as information on the reduction of oil supplies from OPEC States. It also became known that Nigeria is ready to cut oil production to ensure higher prices in the market. This was stated by President Mohammad Bukhari after a meeting with the representative of the king of Saudi Arabia Ahmad Cattenom.

Earlier it became known that in the American state of Texas set a new record for the extraction of shale oil. By the end of 2018 in Texas was produced 1.54 billion shale oil. The previous record was set back in 1973 – 1.28 billion barrels.

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