Oil price finishes the week with growth
In the US, manufacturers have started to stop the well and stop the drilling, which can reduce production in the country by about 20%.
World oil prices reference marks grow moderately on the news about reducing the extraction of raw materials in the United States. This according to the auction the morning of Friday, April 24.
Thus, the June Brent crude on London’s ICE Futures exchange rose $0,76 (3,56%) to $of 22.09 per barrel.
The cost of the futures on WTI for June at the electronic session on the new York Mercantile exchange (NYMEX) rose $0.72 to (4,36%) to $17,22 per barrel.
The spread between the current contracts for Brent and WTI is $4.87 in favor of Brent.
Support has the news that U.S. producers began to stop the well and stop the drilling, which can reduce production in the country by about 20%, says Interfax. So, analysts of IHS, Markit Ltd. estimate the amount of production under the threat of stopping, 1.75 million barrels per day.
We will remind that the day before oil became more expensive after the statement of the President of the United States Donald trump that the country’s armed forces will open fire on Iranian military boats coming into dangerous proximity to the American ships. Thus still the day before yesterday, Brent crude cost less than $16 per barrel and WTI– $and 10.71.
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