Oil prices rise amid OPEC information on lower production

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Posted by: admin Category: Business, World Tags: , , Comments: 7 Post Date: January 18, 2019

World oil prices are rising in the morning against the backdrop of OPEC information on the decrease in the extraction of raw materials by the countries of the organization in December, PRIME informs with reference to the trading data.

World oil prices are rising in the morning against the backdrop of OPEC information on the decrease in the extraction of raw materials by the countries of the organization in December, PRIME informs with reference to the trading data.
 



 

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as of 7:44 MSK March futures price for North Sea petroleum mix of mark Brent rose by 0.9%, to $ 61.73 a barrel, the price of February futures for petroleum of mark WTI – 1 , 09%, up to $ 52.64 per barrel.

Market participants are optimistic about the data from the OPEC monthly report, which helped reduce concerns about oversupply of raw materials. According to the organization, OPEC reduced oil production in December by 780 thousand barrels per day compared to October, to 31.578 million barrels per day. In particular, oil production in Saudi Arabia in December compared with October decreased by 84 thousand barrels per day – to 10.553 million barrels per day

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