The price of Brent crude for the first time since November exceeded $50 per barrel

In the course of trading on the London stock exchange on Thursday, may 26, the price of a barrel of Brent oil for the first time from November 2015 rose above $50 per barrel.

As of 4:30 GMT per barrel of Brent on the stock exchange gave $50,05. WTI has also risen: as of 4:35 GMT it was trading at $49,87 per barrel.

Earlier, Goldman Sachs published a research report, according to which the deficit in the oil market will occur in the second half of 2016. Analysts drew attention to the decline in oil production due to supply disruptions, which among other things resulted in forest fires in Canada and militant attacks in Nigeria, which produces the most oil in Africa.

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The excess supply in the market could appear again in the first quarter of 2017, after the elimination of shortages and rising production in Iran and Iraq, predicted in Goldman Sachs.