the Cost of June futures for Brent on London’s ICE Futures exchange to 07.15 GMT on 30 April is $ 25 per barrel, which is 11% above the price of closing of previous session. The day before, reports “Interfax”, the contracts grew by 10%.
the WTI Futures for June trading on the new York Mercantile exchange rose 16% to 17.46 per barrel. On the eve of the contracts increased by 22%. According to analysts, growth of oil demand occurred because of expectations of a possible withdrawal of part of quarantine measures in countries where the pandemic has been declared.
Minister of energy of the Russian Federation Alexander Novak at a meeting on energy development also mentioned the reduction of falling demand for oil products in Central Europe by 10-15 percentage points, and recalled that from the first of may will earn the agreement of OPEC+. This, according to the Minister, will contribute to reducing the imbalance in the second half of may.
Alexander Novak ruled out the possibility of a fuel shortage on the domestic market and sharp increases in the prices of petrol and diesel at filling stations.
