Moscow. November 30. Oil prices of both reference marks are rising on Monday in anticipation of the next meeting of the Organization of countries-exporters of oil (OPEC), but the finish month of znachitelnym decline since July, reports Bloomberg.
The cost of the January futures for Brent crude on London’s ICE Futures exchange to 18:40 Moscow time has increased by $0,58 (1,29%) – to $to 45.44 per barrel.
Futures price for WTI crude oil for January on the new York Mercantile exchange (NYMEX) rose to this time to $0,56 (1,34%) to $42,27 per barrel.
From the beginning of November, Brent crude fell by 8.7%, WTI – by 9.3%. Prices never rose above $50 per barrel in the past four months.
The Iranian oil Minister Bijan Namdar Zanganeh said he did not expect changes in production quotas at the upcoming OPEC meeting, which will take place on 4 December.
Iran intends to increase deliveries of oil on 500 thousand barrels a day after the lifting of international sanctions against the country. It will not have a significant impact on world oil prices, and Iran has no problem finding buyers, said the Deputy oil Minister Amir-Hossein Zamaninia.
“Saudi Arabia and other key OPEC countries have repeatedly said that mining should not reduce they, and the producers who have high costs,” says analyst at DNB ASA Torbjorn Chew.