Home / Oil / The price of Brent crude oil rose above $48, WTI slumped to $47

The price of Brent crude oil rose above $48, WTI slumped to $47

Стоимость нефти Brent поднялась выше $48, WTI подобралась к $47

World prices for “black gold” on Monday morning rise during electronic trading on the London and new York exchanges.

Futures for oil Brent with delivery in June on London’s ICE Futures exchange rose 1.28% to $48,44 per barrel. June futures for light oil WTI on the new York Mercantile exchange (NYMEX) rose by 1.32% to $46.82 per barrel, reports “Газета.Ru”.

Oil is expensive today, reacting to the us oilfield services company Baker Hughes, which showed a drop in the number of drilling rigs in the United States. According to published last Friday, according to Baker Hughes, total U.S. rig count in the US at the end of 13 may, the working week has decreased on 9 points, or 2.17%, and amounted to 406 units. In annual terms, the figure fell to 482 units, or 54.3%, said RIA “Novosti”.

The number of oil rigs decreased by 10 units, or 3 percent, to 318 units, and gas at the same time increased — for a single unit up to 87 pieces.

In addition, positive market sentiment caused a message to Goldman Sachs that the oil market ended a two-year period of oversupply, and now the situation is moving towards a deficit. “The oil market has moved away from glut and moves to a shortage much sooner than we expected”, — analysts say Goldman Sachs. They show a decrease in the production of raw materials in Nigeria, Venezuela, USA and China.

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