Photo: Hasan Jamali / AP
The price of Brent crude broke through the maximum value from the beginning of spring. As of 12:20 Moscow time it has reached 43,34 USD per barrel, according to data the London exchange ICE.
The price of WTI also rising, reaching 40,98 dollar. On high grade U.S. exceeded $ 41. The last time this level of raw materials were traded on March 6, when it became known about the collapse of the transaction in the format of OPEC+.
Since may, when entered into force a new agreement of 23 countries to reduce production to 9.7 million barrels per day, the cost of raw materials has been steadily increasing.
Support it is given by increasing demand, which occurs on the background of economic recovery after the lifting of restrictions associated with the coronavirus. Also, the positive effect the extension of the maximum limits of OPEC+ for another month.
After oil rose and the ruble. By 12:15 the dollar is worth 68,72 ruble and Euro — ruble 77,56. This is the minimum value over the past ten days.
Earlier, Deputy Minister of energy of Russia Pavel Sorokin called fair price for oil in the range from 40 to 50 dollars per barrel. To the head of Department Alexander Novak pointed out that comfortable is the cost of 50 dollars.
Video, photo All from Russia.