World oil prices during Monday trading range near $ 40 amid conflicting signals about the future balance of supply and demand in the market.
Price of may futures for Brent crude on London’s ICE Futures exchange at 8: 00 (Moscow time) has risen on 0,15% – to 40,45 USD per barrel. Quotes of WTI oil futures climbed 0.2% to 38,43 dollars per barrel, reports “Interfax”.
Black gold has risen on Friday due to the forecasts of the International energy Agency (IEA). While oil prices finished in positive territory for the fourth week, having recorded the longest rally since may last year.
At the end of trading on 11 March, the price of the may contract for Brent crude on the ICE stock exchange in London rose 0.34 dollar (+0.8 percent) to 40,39 dollars per barrel, reports “Finmarket”.
Baker Hughes reported a decrease in the number of active rigs in the U.S. by six – to 386 units, which corresponds to the end of 2009. The reduction continues for the 12th consecutive week.
On the other hand, Iran has confirmed plans to increase production to dosection 4 million barrels a day before he will be ready to join the freezing of the level of production of this raw material.
