The price of oil WTI for the first time since July more than $50 per barrel

The price of oil WTI for the first time since July more than $50 per barrel


MOSCOW, 9 Oct. World oil prices on Friday show a confident positive dynamics, the price of WTI for the first time since July is trading above 50 dollars a barrel amid hopes of market participants to increase demand for raw materials, according to AFP.

As at 7.56 MSK price of November futures for North sea Brent blend has grown on 1,08% — to 53,84 dollars per barrel. Futures for light WTI oil rose in price on 1,93%, to 50,39 dollars per barrel.

Investors with optimism win back the statement of the Secretary General of OPEC Abdullah El-Badri, according to which the demand for oil in 2015 will grow by 1.5 million barrels a day, and in 2016 — 1.3 million barrels per day, which exceeds the previous forecast of the cartel.

“The most significant event now is the higher figures for oil demand, voiced by the Secretary General of OPEC”, — said the Agency Bloomberg head of futures trading at Mizuho Securities USA Inc. in new York Bob Yager (Bob Yawger).