cost a barrel of Brent crude oil at the auctions on Thursday broke the mark of $ 50. The increase of oil prices against the background of data on the largest in the last 17 years of inventory liquidation in the US
The price of November futures on North Sea Brent trading in Thursday, September 8 , broke the mark of $ 50. According to the London Stock Exchange ICE, at 21:21 MSK Brent value has reached the level of $ 50.12 per barrel. This was followed by a slight rebound, and as of 21:30 MSK Brent is trading around the level of $ 50.
The last time Brent overcame the mark of $ 50 on August 26th.
Earlier Thursday, US energy information Administration (EIA) has published data showing that commercial crude oil inventories in the United States for the week ending 2 September fell by 14.5 million barrels. This reduction of stocks was the biggest since 1999. The news September 8, oil prices gained just 4%
As noted by Bloomberg, the growth of oil prices, which began in August this year, partly due to the expectations of the countries of the transaction -. Petroleum Exporting Countries on measures to stabilize the market. The meeting of representatives of producing countries is scheduled for September.
While Iran continues to keep investors on their toes, not giving a clear answer whether he agrees to join the frozen production level, Saudi Arabia said Monday that set by this issue optimistically. In addition, notes Bloomberg, the dollar’s decline also contributes to the attractiveness of oil among investors.
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