Oil prices rose 5% amid OPEC

As of 22:25 the price of a barrel of North sea Brent reached $46,87 that by 5.47% above the opening level. At the same time more than 5.5% increased the price of Texas WTI. The price of a barrel reached $45,80.

As reported by Reuters, the reason for the rising prices were evidence that OPEC will still be able to reach an agreement on reducing production. In particular we are talking about the rapprochement between Saudi Arabia on one side and Iran, Iraq, Nigeria, Libya, on the other.

As notes the edition “Finam”

positive dynamics in the oil market may persist on the background of the meeting of the gas exporting 17 June in the capital of Qatar, as well as in anticipation of data on oil reserves in the United States, which shall publish the American petroleum Institute.