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The Brent price has grown above $ 50 per barrel

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The Brent price has grown above $ 50 per barrel

The Brent price has grown above $ 50 per barrel
July 01
10:30 2016

On Friday morning oil quotes began the session with the growth against the background of the data, which show further stabilization of the balance of supply and demand in the market.

On the London Stock Exchange futures for Brent oil for September have increased by 0.7% – to $ 50.06 per barrel to the beginning of the day.

On the New York Mercantile Exchange the price of August futures contract for WTI crude oil has grown by 0.6% – to $ 48.64 per barrel by that time.

During the II quarter Brent crude oil rose in price by 26%. This has been the record quarterly dynamic for the last 7 years. Also, prices are finishing the week in the positive momentum.

The US oil stocks have been declining for 6 consecutive weeks. The production has also been reducing.

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