The price of Brent crude rose above $45 for the first time in two weeks


Futures on Brent crude oil with delivery in October at the trades on the ICE exchange on Monday, August 8, rose above $45 a barrel for the first time since July 25, follows from the data of the auction.

As of 14:50 Moscow time on Monday a barrel of Brent was trading at $45,05. Compared with the close of the previous trading session Brent crude rose by more than 70 cents (+1,67%).

The last time the price of Brent rose above $45 at auction July 25. That day at the opening of a barrel of oil cost of $45.7, during the day, the cost rose to $of 45.87.

Parallel to expensive and WTI. According to 14:55, oil futures this brand deliveries in September traded at $42,56. It’s 76 cents higher than at the close of the last session (+1,89%).

Earlier Monday, the President of the Organization of countries — exporters of oil (OPEC), the Minister of energy of Qatar Mohammed bin Saleh al-Sada predicted that in the third and fourth quarters of 2016, the oil demand will increase amid improving economic situation in the countries that are major consumers of oil. Al-She also has officially confirmed information about the upcoming informal meeting of OPEC in the International energy forum, which will be held in Algiers from 26 to 28 September.