MOSCOW, 5 may — RIA Novosti. the Price of oil Brent for the first time since April 15, exceeded $ 30 per barrel, according to the auction.
as of 17:08 on the July futures for North sea a mixture of rose by 10.99% — to 30.19 per barrel. The cost of oil of mark WTI with delivery in June rose by 18.83% to 24,23 dollar.
Investors tie the growth on the statements of some governments about the weakening of restrictive measures related to the coronavirus.
“the Prospects for this year and next year are becoming more and more bright: the demand must be supported by a recovering global economy,” — said Reuters an oil analyst at UBS Taunovo Giovanni (Giovanni Staunovo).
details of the new transaction.
Oil prices fell sharply in early March, on the background of significant decrease in demand around the world. due pandemic COVID-19 — when many States have restricted the movement of citizens and imposed a quarantine, and after the collapse of the OPEC deal+ when its members are unable to agree on the extension of the agreement to reduce the production or to change its parameters. As a result, prices fell more than twice.
Later, the quotes were recovered on the eve of the OPEC meeting+. In the end, April 12, the country — members agreed to reduce production at 9.7 million barrels per day in may-June 7.7 million in the second half of the year and 5.8 million next — until the end of April 2022.
However, in International energeticheskogo the Agency said that the agreement OPEC+, which entered into force on 1 may, is not able to compensate for falling demand in the world. The experts noted that the volume of production cuts may be insufficient in light of the decreasing due pandemic demand: decrease estimated at about 30 million barrels a day.
With the end of the twentieth century the world began to develop dynamically the market of so-called “paper oil”, i.e. futures contracts. By the middle of 1980-ies he often exceeded by the cost of the physical supplies, and today on the stock exchange the main volume is futures contracts.
