World prices for oil are rising, prices for Brent oil are in the region of the maximum since the fall of 2018 against the background of decreasing demand for OPEC countries, the available data of traders.
As of 7.44 Moscow time, the price of April futures for North Sea Brent crude oil mixture rose by 0.63% - to $ 64.98 a barrel. The indicator exceeds the level of $ 65 per barrel, which is the highest since November 20, 2018. The cost of the March futures for WTI crude oil rose by 0.57% - to $ 54.72 a barrel.
Bidders are optimistic on Friday to have access to data published earlier this week on the reduction of exports of OPEC countries. Thus, according to the International Energy Agency (IEA), the average daily oil production in January was the minimum for four years at 30.83 million barrels per day. In general, OPEC reduced oil production in January to the level of December at 930 thousand barrels per day. According to OPEC itself, in January oil production was reduced on a monthly basis by 797 thousand rubles at once. barrels per day, up to 30.81 million barrels per day, resulting in reduced production in Saudi Arabia, the United Arab Emirates, Kuwait and Angola.
In addition, in relation to these countries. These factors allow reducing risks for investors regarding the risk of oversupply in the world market, RIA Novosti reports.
Analysts at Bank of America, Merrill Lynch, believe that reducing the cost of Brent oil in 2019 should be $ 70, which could be a voluntary supply from OPEC countries. ”