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Oil is rising: in the U.S. closed drilling

Нефть дорожает: в США закрываются буровые

The price of Brent exceeded $ 42 per barrel.

Oil prices rising on Monday, April 11, after the publication of data about the new reduction in the number of working drilling rigs in the U.S., reports Bloomberg.

Quotation of June futures for Brent crude on London’s ICE Futures exchange to 7.50 in Kyiv rose by 0.4% to 42,11 dollars per barrel.

Futures price for WTI crude oil for may in electronic trading on the new York Mercantile exchange (NYMEX) has increased by this time by 0.45% to 39,90 dollars per barrel.

According to Baker Huhes, the number of active oil rigs fell last week by seven – to 443. The decline continues for the third consecutive week.

Also, market participants expect the meeting of the largest oil producing countries in the world that will take place on 17 April in the Qatari capital Doha. It will discuss the agreement on freezing of oil production at the January level.

As reported Корреспондент.net, analysts at the U.S. financial giant Goldman Sachs Group Inc. predicts the average oil price in 2016 at 38 dollars per barrel.

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