World oil prices continue to rise during trading on Wednesday after industry, the American petroleum Institute reported a decrease in stocks of oil in the U.S. market by 1.07 million barrels last week.
The price of the June contract for Brent crude on London’s ICE Futures exchange to 7.26 MSK increased by 0.48 dollar (by 1.1%) to 46,22 dollars per barrel. The quotation of futures for oil WTI with delivery in June as at 7.47 GMT rose 0.50 dollar (by 1.1%) to of 44.54 per barrel, reports “Finmarket”.
At the end of trading on 26 April, the price of June contract Brent crude on the ICE exchange in London grew by 1.26 per dollar (of 2.8%) – to 45.74 per barrel. The June futures WTI on the new York Mercantile exchange NYMEX rose by 1.40 dollar (3.3 percent) and amounted to 44,04 USD per barrel.
Oil gains amid forecast of the world Bank (WB) at an average price of $ 41 to. Earlier, the world Bank predicted the average price of oil at 37 dollars. The reason for this decision was the weakening of the dollar and improving sentiment in the markets, reports TASS.
According to experts from the world Bank, energy prices will rise during the year, as markets regained balance after a period of excess supply.
