Brent oil prices rose to $56,4 per barrel in anticipation of OPEC meeting+


Moscow. September 22. INTERFAX.RU Oil moderately rises in price in Asian trading on Friday and finished the week in positive territory in anticipation of the OPEC meeting+ at the Ministerial level.

The price of November futures for Brent crude on the London ICE Futures exchange to 8:20 Moscow time fell by 2 cents (0.04 percent) to $56,41 per barrel.

Oil WTI with delivery in November in electronic trading on the new York Mercantile exchange (NYMEX) rose by $0,07 (0,14%) to $50,62 per barrel.

On Thursday, Brent rose by $0.14 (0.3 percent), to $56,43 per barrel, while WTI fell by $0.14 (0.3 percent), to $50,55 per barrel.

In Vienna on Friday will host a Ministerial meeting of OPEC and non-OPEC States to monitor the agreement to reduce oil production. The main issue of the meeting is the possibility of extending the reduction of oil production, including up to mid-2018.

In addition, the market is interested in the referendum on independence of Kurdistan, which is scheduled for Monday. The regional authorities announced the possibility of additional incentives for foreign oil companies developing its deposits.

Source