Brent rose to us $48.5 per barrel after falling the day before


Moscow. October 22. The prices for oil imports are rising, as investors are actively buying contracts that went down to the lowest level in three weeks yesterday, Bloomberg reports.

December futures for Brent crude on London’s ICE Futures exchange 14:37 Moscow time has risen in price by $0.77 (1.40 per cent) to $48,52 per barrel.

Futures prices for WTI crude oil for December in electronic trading on the new York Mercantile exchange (NYMEX) to a specified time increased by $0,64 (1,42%) – to $45,84 per barrel.

Yesterday, Brent crude fell by 1.8%, WTI – by 2.5% on the data about growth of oil reserves in the U.S. last week to 8,03 million barrels, a record pace since April. Analysts polled by Bloomberg, expected an increase only at 3.75 million barrels.

“Yesterday was every reason to ensure that the cost of WTI fell below $45 per barrel, said the expert Saxo Bank OLE Hansen. – This did not happen, which may mean that investors are going to buy contracts when their price drops to the lower boundary of the range in which quotes are traded at the beginning of September”.

Earlier the oil Minister of Venezuela, Eulogio del Pino suggested that the heads of oil-producing countries, including OPEC countries and States outside the cartel, to discuss the “equilibrium” oil price that would ensure a sufficient level of supply in the future.