Oil continues to rise in price: Brent - $57,79 for barrel, WTI - $51,87

The cost of December futures for Brent oil at the London's ICE Futures Exchange by 8:15 Moscow time on October 16 grew by $0,62 (1,08%) - up to $57,79 for barrel. To closing of the previous session the contract rose in price for $0,92 (1,64%) - up to $57,17 for barrel, the Russian Agency of oil and gas information reports.

The price of futures for WTI crude oil for November at the electronic biddings of the New York Mercantile Exchange (NYMEX) increased by $0,42 (0,82%) by this time - to $51,87 for barrel. On Friday the cost of these contracts grew by $0,85 (1,68%) - up to $51,45 for barrel, ANI reports with reference to Finmarket.

Oil prices grow on concerns of interruptions in supply of raw materials from the Iraqi Kirkuk. On October 15 the Iraqi authorities sent troops to Kirkuk controlled by Kurds to take oil fields of the region under control, the edition notes.

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