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Oil stabilized on the statements of OPEC

Нефть стабилизировалась на заявлениях ОПЕК

Oil prices are little changed Tuesday morning, Brent is trading above 41 dollars per barrel after OPEC forecasts of the management of the growth of prices on these raw materials to “acceptable” levels, reports Bloomberg.

May futures for Brent crude on London’s ICE Futures exchange to 08.00 Moscow time has decreased on 0,17% – to 41,47 dollars per barrel, reports “Interfax”.

Quotes contracts for oil WTI at the auctions in system of the new York Mercantile exchange (NYMEX) by that time fell by 0.2% to 41,44 dollars per barrel.

On March 17 Russian energy Minister Alexander Novak cachesaver that is inappropriate to achieve growth in oil prices above $ 50-60 per barrel, as this may result in the return of investment in inefficient projects and, as consequence, will lead to excess supply in the market.

Meeting of oil-producing countries will be held on 17 April in Doha.

On 11 March, the International energy Agency (IEA) released a report stating that international crude oil prices have hit bottom.

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