The price of oil brand Вrent jumped above $40

$40 Brent crude oil has overcome for the first time since December 10, 2015. Having tested this mark, quotations have gone downwards, having fixed around $39,85 per barrel, according to Bloomberg.

Oil rises for a third week in a row, which is the longest period of growth since may last year.

Bloomberg experts explain what is happening on the London stock exchange the reported decline in the number of working rigs and a reduction in the level of oil production in the U.S. to its lowest level since November 2014.

In addition, analysts note that oil traders are looking forward to the results of the meeting of OPEC in Vienna where the participants have to discuss a freezing of the level of production at the January level.

The Russian stock market amid rising oil prices fixed above a mark in 1900 points. Rouble continues to grow against major world currencies. As of 19:28 GMT the dollar was worth 71,58 rubles., Euro – 78,68 rubles.