Oil traded at highs 2016 – RIA Novosti

MOSCOW, April 21 -. RIA Novosti The world prices for oil on Thursday show a weak trend growth, while on the eve of new highs for the year 2016, according to the auction have been installed

As at 08.20 MSK cost of June futures for North Sea petroleum mix of mark Brent rose by 0.02% – to 45.81 dollars per barrel. Earlier in the trading charts for the first time since November 26, 2015 climbed above $ 46 per barrel – up to 46.02 dollars. June futures price for WTI crude oil increased by 0.01% -. To 44.18 dollars per barrel

On Wednesday, the US Department of Energy reported that commercial oil reserves in the country (excluding strategic reserves) for the week ended April 15, increased by 2.1 million barrels (up to 538.6 million barrels). At the same time, oil production for a week, according to the ministry, was reduced by 24 thousand barrels per day (up to 8.953 million barrels per day), which was the lowest level since October, 2014.

“Yesterday’s data on the level of production (of oil in the US – Ed.) Were quite positive for oil prices,” – said the agency Bloomberg, an analyst at IG Ltd. Angus Nicolson (Angus Nicholson).

However, investors’ concerns about the preservation of excess supply in the market of black gold continues to constrain growth in oil prices.

Against this background, the bidders have paid attention to the statements Deputy Minister Fayyad al-Nima (Fayyad al-Nima) Iraq’s oil that the oil-producing countries can meet in Russia in may to discuss production levels freezing. Later, however, Russian Energy Minister Alexander Novak said that so far there is no agreement. According to him, the OPEC countries must first come to terms with each other.

April 17 representatives of oil-producing countries could not agree on the level of oil production frozen. The reason was, in particular, the position of Riyadh, which insist on the participation in the agreement of a wider range of participants. In particular, they talked about Iran, which earlier announced its readiness to put his signature under the document only after entering the dosanktsionny volume of four million barrels per day. Because of this, Tehran has not even sent to negotiate a representative.

The failure of the talks sparked market decline.

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