In the course of trading on the stock exchange ICE futures price of Brent crude oil rose above $ 68 a barrel for the first time since the beginning of December last year.
In the course of trading on Tuesday on the stock exchange price of ICE Brent futures for delivery in June 2015 reached the level of $ 68.22., Up 2.66% over the closing of the previous trading session.
“It is too early to say that the upward trend observed since the beginning of April, came to an end. Until now, market participants perceived every drop prices as a good buying opportunity. The new reduction of stocks in storage Cushing or only a slight increase in total oil reserves in the United States can be regarded as a sign of incipient narrowing of the market, which, in turn, will cause a new wave of buying activity, “- noted in the report of analysts Commerzbank.
Later, the price of oil fell slightly – to 67.96 dollars per barrel.
Note the previous high price of oil this year was recorded the day before, when the barrel was trading above $ 67.
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