Oil is traded in different directions: Brent - $62,58, WTI - $56,61

January futures for Brent crude oil by 8:02 Moscow time on November 20 decreased by 14 cents (0,2%) - up to $62,58 for barrel. The quotations of the December contract for WTI crude oil rose in price for 6 cents (0,1%) and made $56,61 for barrel, AOI reports.

Oil prices grew on November 17 on statements of Saudi Arabia for readiness to support prolongation of the agreement on oil production restriction. The Oil Minister of Saudi Arabia Khalid al-Falikh said that the OPEC should declare prolongation of restrictions for oil extraction at the meeting in Vienna on November 30.

Following the results of the biddings on November 17 the cost of the January contract for Brent crude oil at the ICE Futures exchange in London increased by $1,36 (2,2%) and constituted $62,72 for barrel. The December future for WTI on the New York Mercantile Exchange of NYMEX rose in price for $1,41 (2,6%) and constituted $56,55 for barrel, Finmarket tells.


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