oil Price Brent crude topped $ 51 to $ 51.05 per barrel. The mark of $ 51 is punched first time since June of this year
The price of Brent crude oil futures for October delivery as of 21:18 MSK hit $ 51.05 per barrel, from the data of the London Stock Exchange ICE. The last time the mark of $ 51 oil price this brand punched June 23 of this year.
Earlier Thursday, the first time the price of oil rose above $ 50 a barrel and a half months. This happened after the publication of data on the decrease in the amount of oil reserves. According to data released Wednesday by the US Department of Energy, for the last week they decreased by 2.5 million barrels.
Analysts at Commerzbank note that the yield of oil prices to the psychologically important level of $ 50 per barrel is likely to return to the market short-term investors.
«In the last reporting week has been marked by a significant increase in net long speculative positions on Brent (plus 33.5 thousand. contracts), and two-thirds of this growth was achieved due to short covering “- says the Commerzbank report
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