Oil rose

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Photo: Rick Wilking / Reuters

C beginning of the year, oil prices increased by about 11 percent. According to the London exchange ICE, 31 December a barrel of Brent crude was worth 53.8 per dollar, and in the course of trading on Wednesday, January 9, with a total value exceeding $ 60.

The last time Brent crude exceeded $ 17 December 2018, she started rising on 28 December and has since been growing.

However, futures for oil WTI on the new York Mercantile exchange (NYMEX) reached 50,87 dollars per barrel during trading on January 9.

Despite the strengthening of oil prices, the ruble on the Moscow stock exchange is dropping against other major currencies. As at 16:08 GMT the dollar was 67,12 rubles, adding two cents compared to the closing level of the previous trading, the Euro gained a penny and made up 76,88 ruble.

The main reason for the growth of oil was the expectation of market participants that supply and demand in the oil market stabilizatsiya the transaction of the Organization of countries-exporters of oil and States that are not members of the cartel (OPEC+). About production cuts, the countries agreed in early December.

Video, photo All from Russia.

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