Brent crude has risen by 5% – RBC

Photo: Jim West / Global Look Press

Prices for North Sea Brent crude oil during evening trading on the London Stock Exchange rose by almost 5% compared to the opening price. Earlier in the afternoon support oil had the publication of the report, OPEC

Brent crude oil at the tenders on Tuesday increased by almost 5%, according to the London Stock Exchange ICE. As of 20:49 MSK price of a barrel of Brent for September delivery was $ 48.51, which is 4.82% higher than the start of trading.

At the opening of trading barrel of Brent was trading at $ 46.09, while at the close of trading yesterday – for $ 46.25. The price of August futures on Texas WTI crude oil also rose on Tuesday by nearly 4.5%, to $ 46.77 a barrel.

«We tested the lower boundary of the range of $ 45-50 yesterday. Prices fell below $ 45, and then again began to buy oil, “- told Bloomberg Bill O’Grady, chief market strategist at fund Confluence Investment Management, managing $ 4.9 billion

<. span> According to the Bloomberg survey, the market is expected to continue the observed seven weeks reduce American oil reserves. According to the Energy Information Administration, US crude stocks for the week ending July 1, decreased by 2.2 million barrels., To 524.4 million barrels.

According to the International Energy Agency, attacks on oil facilities in Nigeria have cut oil production in the country in May, nearly 1.4 million barrels. per day – to the lowest level in 27 years. A pause in the attacks, according to the Nigerian authorities, helped to increase production to 1.9 million barrels. As of July 8, but the attack on Chevron pipeline last week put the restoration of the situation into question, Bloomberg writes.

«The market shrinks dramatically due to the situation in Canada and Nigeria, as well as due to lower production volumes here [in the US],” – says agency chief strategist for Economics Macro Risk Advisors Chris Ketteman.

The growth of oil quotations also coincided with the publication of the OPEC report, which predicted the oil cartel growth in world demand by 1.2 million barrels. per day next year, to 95.3 million barrels. per day.