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Oil prices continue to rise



Oil prices have again stepped up growth in today's trading.



22.Apr.16 7:28 PM
By Itina Z.
Photo INNOV.RU

   202

Oil prices continue to rise
Oil prices have again stepped up growth in today's trading, ending with an increase in the third consecutive week on expectations of a gradual alignment of supply and demand in the market, reports INNOV.

The cost of the June futures for Brent crude on London's ICE Futures Exchange at 17:00 MSK increased by $ 1.10 (2.47%) - up to $ 45,64 a barrel, and futures price for WTI crude oil for June on the New York Mercantile Exchange rose this time for $ 1.08 (2.50%) - up to $ 44.26 per barrel. Since the beginning of the week quotes Brent rose by 5,9%, WTI - by 9.7% - the "Interfax".

Earlier, the International Energy Agency (IEA) has confirmed the forecast that oil production in countries outside of OPEC, will decrease by 700 thousand barrels per day in 2016, a record pace in 25 years.

Earlier, the US Department of Energy reported that oil production in the country last week fell by 0.3% to their lowest since the end of 2014, 8.95 million barrels per day. Colombia also reported a decrease in production in March to 4% compared with February, to 916 thousand barrels per day.



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