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Oil opened the week by growth of quotations

Нефть открыла неделю ростом котировокBrent crude in London rose $1.6, and the price of WTI in new York increased by $1,04.

World oil prices reference marks began to rise after the sharp decline last week. This according to the auction the morning of Monday, November 12.

So, the price of January futures for North sea Brent Brentна London exchange ICE Futuresв 9:40 in Kiev rose by $1,60 (2,28%) to $71,78 per barrel.

In turn, the price of oil WTI for December delivery in electronic trading on the new York Mercantile exchange (NYMEX) rose by $1,04 (1,73%) to $61,23 per barrel.

Last week the price of oil fell to the lowest in six months to below $ 70 per barrel for the first time since April. It happened for fear of the excess fuel on the world market. In October a barrel of oil cost $ 86.

OPEC plan to respond to lower prices and to reduce production of “black gold” at least a million barrels a day.

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