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Oil becomes more expensive in expectation of a balance between supply and demand

Нефть дорожает в ожидании равновесия между спросом и предложением

Oil rises in price on Monday in anticipation of the restoration of equilibrium between supply and demand on the world market. According to statistics from Baker Hughes, in the United States during the previous week the number of working oil rigs rose by 9 to 325, but price growth is not prevented, reports “Interfax”.

Meanwhile, the price of August futures for Brent crude on the London ICE Futures exchange to 8:00 Moscow time has grown on 0,85% — to $50,06 per barrel. The price of futures for oil WTI in electronic trading on the new York Mercantile exchange for July rose 1% to us $of 49.10 per barrel.

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