Brent crude on Tuesday rose nearly 5%, according to data the London exchange ICE. As of 20:49 MSK cost of a barrel of Brent for delivery in September cost $of 48.51, which is 4,82% higher relative to the start of the auction.
At the opening of trading, a barrel of Brent was trading at $of 46.09, while at the close of yesterday’s trading session at $46,25. The price of August crude oil futures of Texas crude oil also rose Tuesday to nearly 4.5 percent to $46,77 per barrel
“We tested the lower bound of the range of $45-50 yesterday. Prices fell below $45, and then again began to buy oil,” he told Bloomberg bill O Grady, chief market strategist at Confluence Investment Management Fund that manages $9.4 billion.
Earlier in the day July 12, support to oil quotations was rendered by the publication of the report of OPEC, the cartel forecasts a growth in world oil demand by 1.2 million barrels a day next year to 95.3 million barrels a day.