In the course of trading on the London stock exchange ICE cost of Brent crude oil rose above 41 dollars per barrel. Quotes increased to the daily high of around 41.43 per barrel. This is according to the trading platform.
The price of oil continues to rise after the publication of data on stocks in the United States. They grew by 1.5 million barrels, with a forecast of 3.4 million. In addition, prices are affected by the decision of the US FRS about preservation of the base rate at 0.25-0.50 per cent, as a result of which there was a weakening of the dollar.
Dollar on the Moscow stock exchange is 68,48 of ruble (compared to the close of trading on March 16, the U.S. currency fell percent), Euro 77,33 (minus 0.65 per cent).
On March 16 Minister of energy of Russia Alexander Novak said that the meeting of representatives of oil-producing States will be held on 17 April in the Qatari capital Doha. The official admitted that during the negotiations the parties will sign a document about the freezing of oil production at the level of January 2016.
February 16, Russia and several OPEC members (Saudi Arabia, Qatar, and Venezuela) agreed to freeze oil production in order to support the quotation, subsided for a year and a half by 70 percent. Also about the intention to join the agreement said Iraq and Kuwait, and on 20 February, is now Nigeria. Russian energy Minister Alexander Novak said that over 15 countries have publicly confirmed readiness to freeze the oil.
