The price of Brent crude oil reached $ 50 a barrel for the first time since July 5 – BBC

The oil quotes overcome the psychological barrier of $ 50 per barrel. This was achieved for the first time on 5 July. During morning trading on intercontinental stock exchange ICE in London on Thursday, October futures price for Brent crude oil (it is attached to it the cost of Russia’s Urals) rose by 0.25% to $ 50.01. Another push
quotations given data US Department of Energy released on Wednesday.

According to him, US commercial stocks of oil in the week ended August 12 fell by 2, 5 million barrels (minus 0.5%) and amounted to 521.1 million barrels. The analysts surveyed by Bloomberg had forecast an increase of 0.522 million barrels.

At the same time production in the United States during the same period increased by 1.79% (152 th. Barrels per day) and amounted to 8.597 million barrels per day. Opposite production figures and inventory levels have led to the fact that $ 50 quotes did not last long and by 11 MSK gone below this mark

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Nevertheless, oil is gradually growing from 10 August (when the price per barrel was $ 43.83). In recent days, the quotes were influenced by two factors. At the end of last week it was published statistics of one of the leaders of the global oilfield services – company Baker Hughes, according to which the number of active rigs in the oil sector of the US at the end of last week rose by 15 units and reached 396 units (for comparison, at the peak, which occurred in the in October 2014, their number amounted to 1609 units). These Baker Hughes served as a deterrent to price increases.

But on Monday a barrel added more than 2% on the words of the head of the Russian Ministry of Energy Alexander Novak, who said that “the door for further negotiations (by freezing the level of oil production -. “Times”) will remain open in the event of such a necessity »

Novak said this in an interview with the Saudi edition of” al-Sharq al-Awsat “. adding that Russia intends to continue the dialogue to stabilize the markets and is ready for the broadest possible coordination on the issue and the development of joint measures to stabilize world oil markets. Provided that these measures “will not be short term in nature and will be provided with a long-term payback cycle».

According to the Russian minister had been perceived by the market as a signal that the probability of an agreement on the fixing between the Russian production level and OPEC countries is much higher than expected

On Tuesday, Novak said that the energy dialogue between Russia and the Organization of the countries -. petroleum exporting countries will be held in October in Vienna <. / p> <-! place 9760433, / business / 2016/08/05 / 9760433.shtml, nm2015 / v2 / article / incut, incut1_link ->

it was reported earlier that the issue of freezing can be lifted at the end of September during the World energy Congress in Algeria. Currently, for the adoption of measures to stabilize the market most advocates of Venezuela, whose economy is more than 90% dependent on oil.

But the chances that the leaders of the world oil production will agree to freeze small. In April, the negotiations on this issue have failed, although the price of a barrel at the time of the negotiations was below $ 43.

Partner RusEnergy Michael Krutikhin said that price growth in recent years driven largely by speculative trends in the market but fundamentally nothing has changed

«Offer exceeds demand is stable, so we should expect the price to return to the level of about $ 45 per barrel, -. the expert predicts. – What is most likely, and will be the average price for 2016 »

The ruble is reaching for the barrel.. Against the backdrop of rising oil prices at the beginning of trading in London, the dollar on the Moscow Stock Exchange fell by 0.58% to 63.45 rubles, euro -. 0.28%, to 71.85 rubles. However, to 12.00 MSK dollar rose to 63.66 rubles, euro -. To 72.1 rubles

In general, a rise in price of oil over the past week several strengthened ruble.. 11 August the dollar reached 64.94 rubles, euro -.. 72.42 rubles

For further assistance, the ruble had published reports on the eve of the Federal Reserve Service (FRS). The materials for the July meeting of the American regulator, investors saw the confirmation of his predictions: rush to increase the Fed has no plans to bid. “Several members suggested that the committee is likely to be plenty of time to react faster than currently expected, rising inflation, and would prefer to delay another increase in the federal funds rate until such time as they are no longer sure of that inflation is close to the stable 2% “, – stated in the report

Such rhetoric regained investment attractiveness of risky assets, which means that developing economies

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