Photo: Getty Images the Oil came to growth

The price of oil has accelerated the growth after several days of losses on expectations of recovering demand.

World oil prices reference marks grow on traders expectations of a gradual recovery in the balance of supply and demand.

So, on Friday, June 19, the cost of the August futures for Brent crude on London’s ICE Futures exchange rose 2.07% to made 42,37 per barrel.

Futures for WTI crude oil for July in electronic trading on the new York Mercantile exchange NYMEX rose by 2.37% to 39,76 per barrel.

We will note, yesterday there was a meeting of the monitoring Committee of OPEC+ at performance of obligations to restrict the production within the current transaction. The Committee adopted a number of measures to force countries not complying with the terms of the transaction in full, to compensate for unfulfilled obligations. It is, in particular, about Iraq and Kazakhstan.

“Now that Saudi Arabia and Russia convinced Iraq and Kazakhstan to reduce production more than the deal, we will see how its overall performance will reach 100% in the next few weeks,” writes MarketWatch.

As reported, reduce oil production and the United States who are not members of OPEC+. From mid-March oil production in the country fell by one-fifth or 2.6 million barrels per day.

 

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