Black gold, quickly becoming more expensive on world markets
World oil prices are rising rapidly – the price of benchmark Brent crude for the first time since the beginning of March, nearly three months, exceeded $ 40 per barrel. Investor sentiment improved on expectations that OPEC+ here will agree to extend restrictions on oil production.
So, on June 3 by 10:50 Moscow time, August Brent futures rose on the London exchange ICE Futures at 0.69 dollars (1,74%), until 40,26 dollar a barrel. July futures on WTI by this time has risen in electronic trading on the new York Mercantile exchange (NYMEX) 0.86 dollar (2,34%) – to 37.67 USD per barrel.
According to Dow Jones Market Data, both contracts finished trading on maximum levels since March 6.