Stock market quotes, forex, financial news, forex tools – money-investing.com

Brent rose by 5% to $ 62.5

 Breaking News
  • Global demand for oil grows The International Energy Agency (IEA) has published a very interesting study. So, in the next five years, global oil demand will grow about 1 million b/d every year. This means...
  • Tesla to build its fourth factory Elon Musk said that the company was planning to build the first plant in Europe. The German capital has been chosen for this purpose. It will be the fourth plant...
  • Facebook Pay is new payment system of famous social network The well-known company Facebook has announced the launch of its own electronic payment system Facebook Pay. Through the company’s official blog, we have found out that the service will operate...
  • Amazon to open a new supermarket chain in the States Amazon, the largest US online retailer, already owns several supermarket chains. The first of them called Whole Foods was purchased in 2017 and cost $ 13.7 billion. The chain specializes...
  • Energy Market News Today, at 8 a.m. Moscow time, Brent crude futures rose $ 0.14 (or 0.23%) – to $ 62.32 per barrel. We recall that yesterday the asset price lost 0.53% ($...
Brent rose by 5% to $ 62.5
December 03
09:00 2018

On Monday, the price of the major benchmark crudes is growing due to the news from the main supplier countries.

February contracts of Brent have risen by 5% to $ 62.5 per barrel of “black gold”. Prior to that, the price was falling by 1.3% and closed at around 58.7 US dollars at the last trading session.

January WTI contracts have grown by 5.5% to the value of $ 53.7. Earlier, the price fell by 1% and stopped at $ 50.9.

After the G-20 summit, President Putin said that the Russian Federation and Saudi Arabia had extended the agreement to reduce production. There are no exact volumes, they will be known in the near future. “We will monitor the market and act in accordance with it,” he said.

The representatives of Alberta (one of the largest provinces producing oil in Canada) reported that the plans included reducing production from January by 325 thousand barrels per day.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment