In the course of trading on the London exchange ICE on Monday, April 11, the price of Brent crude oil exceeded $ 42 per barrel. According to 14:02 Moscow time, a barrel of North sea oil grade gave 42,03 USD. This is according to the trading platform.
Amid rising oil prices are continuing appreciation of the ruble. On the Moscow exchange, the dollar fell to 66,66 of the ruble. The Euro is 76,06 ruble.
Earlier, on April 1, the Saudi Prince Muhammad bin Salman said that the Kingdom is preparing for “the twilight of the oil age.” He also said that the country plans to create a sovereign Fund with a volume of two trillion dollars. The money will be used to get rid of oil dependence.
In addition, Muhammad bin Salman said that Saudi Arabia is ready to freeze the oil only if similar measures will be Iran. This statement led to the collapse in oil prices.
April 17 in the Qatari capital of Doha to meet the largest oil producers. They will discuss the issue of freezing the production. Saudi Arabia, Qatar, Russia and Venezuela have agreed to limit production to the level of January of the current year. Also expressed their willingness to join the agreement Ecuador, Algeria, Nigeria, Oman, Kuwait, UAE.
