Categories: economy

Increased the cost of standard grades of oil

Oil has risen on Friday, Brent crude rose to $of 65.25 per barrel.

Oil prices reference marks are at the end of trading on Friday rose, while the increase in the cost of WTI continued for the fourth straight session and Brent – fifth.

Monday markets in the U.S. and Europe closed in connection with celebrating of Catholic Christmas.

February futures for Brent on London exchange ICE Futures rose in price on Friday of $0.35 (0.54 percent) to $of 65.25 per barrel. Quotes of WTI oil futures for February on the new York Mercantile exchange (NYMEX) increased by $0,11 (0,19%) to $58,47 per barrel.

Trading volumes were quite low in anticipation of the holidays.

Over the past week the price of Brent crude increased by 3.2%. Crude oil gained 2%, ending up the first week of the last three.

According to Baker Hughes released on Friday, the number of active oil drilling in the United States over the past week has not changed – 747 installations.

Investors pay attention to the figure, fearing that rising oil prices will set back the growth of shale oil in the next year.

© 2017 – 2019, paradox. All rights reserved.

paradox

Share
Published by
paradox

Recent Posts

Russia issues military ultimatum to UK

Moscow will retaliate against British targets in Ukraine or elsewhere if Kiev uses UK-provided missiles…

11 hours ago

Zelensky can’t ‘mobilize God’ – Russian church

Ukrainian President Vladimir Zelensky cannot enlist God in Kiev’s fight against Moscow, the Russian Orthodox…

20 hours ago

Ukrainians are God’s chosen people – Zelensky

Ukrainian President Vladimir Zelensky has proclaimed that God is an “ally” of Ukraine in the…

1 day ago

Israel ready for temporary truce with Hamas – Netanyahu

Israel is willing to pause its military offensive in Gaza if Hamas releases all the…

2 days ago

Some EU states still consider Russia ‘good friend’ – Borrell

The EU’s top diplomat, Josep Borrell, has admitted that not every member state agrees to…

2 days ago

WATCH Russian forces destroy US-made armor

Russia’s Defense Ministry has published a video clip from the front line with Ukraine showing…

2 days ago