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The price of oil went up again

The psychological barrier of $ 55 overcome.

06.Apr.17 12:05 AM
By Catherine Brooke


The price of oil went up again
Wednesday, April 5, the price of Brent crude oil shot up again. This time has been overcome the psychological barrier of US $ 55 per barrel of black gold. The relevant information is on the website international London stock exchange.

In the course of trading the June futures for Brent crude oil was trading at 55 dollars and 4 cents per barrel. This is 1.5 percent more than the previous day. Interestingly, the last time such rates the highest grade of oil was reached March 8, 2017.

At the same time, almost half a per cent jump in the price of WTI. Redundant supplies for June on Wednesday were sold on the London stock exchange for 51 dollar and 70 cents per barrel.

We will remind, some time ago the price of Brent crude oil fell below $ 50. This was due to the increase in world reserves of black gold. At the same time, the agreement of OPEC countries and other oil producers, not members of the Alliance, continue to curb the decline in oil prices.

Recall from 1 January 2017, comes into force the Treaty on the limitation of oil production to increase its value. At the moment the contract is executed at 94%. Its action will last till July, but now there is talk of its extension.

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