The price of Brent crude oil rose above $25 per barrel
The price of Brent crude oil for July delivery rose above $ 25 per barrel, informed the auction.
position 2. 54 GMT Cost of July futures for petroleum of mark Brent has grown on 0, 93% are under 25, 04 dollars per barrel.
The price of June futures on Brent oil is 21 $ 64 per barrel.
The cost of oil of mark WTI with delivery in June falls on 1, 42% to 16, $ 70 per barrel.
The prices of petroleum products very quickly collapsed at the beginning of March on the backdrop of significant decrease in demand worldwide due to pandemic coronavirus, as well as after the collapse of the agreement OPEC members had not been able to come to a common opinion nor the extension of the Treaty on the reduction of oil production or a change in its parameters. In the end, oil prices fell more than 2 times.
in these conditions, OPEC countries have entered into a new agreement under which oil production in may and June should be reduced to 9, 7 million barrels per day in 2nd half-7, 7 million, and in 2021 to the end of April 2022-St - by 5, 8 million.
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