The price of Brent crude oil on Thursday evening increased by 4.6%, for the first time since July 22, surpassing the mark of $46. It happened after the journalists were sent out by mistake a draft of an interview with the Saudi energy Minister.
The price of Brent oil on the ICE exchange in the evening on Thursday rose by 4.6% and exceeded $46 for the first time since July 22, it follows from these trades. According to 19:14 GMT, Brent crude for October delivery was trading at $of 46.09.
WTI crude oil according to 19:11 rose in price by 4.46% and was trading at $43,57, according to RBC.
Oil prices rose $2 after the journalists mistakenly sent out a draft of the interview, the Saudi energy Minister Khalid al-falikha, the Financial Times reports. In an interview prepared for publication by the official news Agency of Saudi Arabia Saudi Press Agency, al-falih said that the Kingdom was ready to participate in coordinated actions to help the oil market to reach equilibrium.
OPEC members plan to hold an informal meeting on the sidelines of the International energy forum, which will be held in Algiers from 26 to 28 September. A new drop in oil prices to levels around $40 have led some exporters to offer to hold a new meeting of the largest oil-producing countries to agree on measures that could support the market.
“If there is a need to take any steps to help balance the market, then we are ready to do it, of course, along with OPEC and major exporters, non-OPEC,” said al-falih. According to him, the upcoming meeting of the exporters, their Ministers will have the opportunity to discuss the market situation, including possible steps for its stabilization.
Earlier, OPEC announced that Saudi Arabia in July reached the record level of oil production, which accounted for 10.67 million barrels./day. Al-falih noted that the increase in production is due not only to higher domestic demand in the hot summer months, but with the need to meet the demand of other customers.
