The oil continues to rise

Brent crude oil rose to its highest level since April 9. OPEC already saying that the crisis is passed.

The cost of world prices for oil reference marks continues to grow, according to the auction on Monday, may 18.

So, futures for oil Brent with delivery in July on the London exchange ICE increased by 6% and reached $accounting period by 34.45 per barrel. Thus the cost of oil peaked on April 9.

In turn, the WTI crude oil price rises to $31,81 per barrel (+7,76%).

Earlier, OPEC said that the reduction of oil production in the world at a rapid pace due to the implementation of the transaction OPEC+ and stop the mining projects because of the poor pricing environment in other countries. These factors allow to speak about the end of the severe period of the crisis in the oil market, according to the cartel.


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