SINGAPORE, December 15th. The price of Brent rises on Monday morning after falling nearly $ 60 a barrel before the publication of a report on manufacturing activity.
By 8:35 MSK Brent futures rose $ 0.69 to $ 62, 54 per barrel, while futures for WTI – by $ 0.42 to $ 58.23, according to Reuters.
Earlier Brent fell to $ 60.28 per barrel since last Friday, the International Energy Agency ( IEA) downgraded the growth in global oil consumption in 2015 and predicted a further fall in prices.
“Support prices can go to this week’s preliminary PMI indices of the manufacturing sector. If these indicators are favorable, we expect prices February contracts up to $ 61.81 for WTI and $ 63.26 for Brent “, – the report says Phillip Futures in Singapore.
Meanwhile, OPEC is not going to change their decision to keep production quotas, even if the oil price falls to $ 40 per barrel. About this over the weekend said to Bloomberg Energy Minister of the UAE Suhail al-Mazrui.
“We are not going to change our opinion, because prices reached the $ 60 or $ 40,” – said al-Mazrui, whose words are RIA “Novosti”.
The Minister noted that the Organization of Petroleum Exporting Countries is required at least a quarter for a decision on an extraordinary meeting, adding that the current conditions do not justify such a meeting. Al Mazrui said he did not know of the existence of a plan for an emergency meeting of OPEC.
November 27 166th meeting in Vienna participating countries of the cartel decided to keep the quota for oil production at 30 million barrels per day to the next meeting of the organization in June 2015.
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