Brent crude on London exchange ICE on Wednesday, 6 April, rose sharply after the publication of data on stocks in the United States. This is evidenced by danimarkali site.
As of 18:20 GMT, a barrel of the benchmark grade is 39,32 dollar. Compared to the close of trading on 5 April quotes rose by 3.7 per cent. In this April 6 session began with mark 38,38 dollar.
For the week ending 1 April, commercial oil stocks in the United States declined by nearly five million barrels (0.9 percent) to 529,9 million barrels. This was announced by the U.S. Department of energy.
Earlier, on April 1, the Saudi Prince Muhammad bin Salman said that the Kingdom is preparing for “the twilight of the oil age.” He cachesaver 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.
