The price of “black gold” standard grades in the course of trading day on Thursday increase, the cost of July futures for Brent crude during trading on the ICE exchange in London rose 1.1% to $80,18 per barrel.
In recent times the price of this brand of oil was at $80 a barrel on November 25, 2014, reports TASS.
The WTI by 12:49 GMT for the first time in the same 3.5 year topped $72 per barrel, said “Interfax”.
As noted investment analyst GLOBAL FX Sergei Kostenko, “the market “black gold” is practically ignored yesterday’s report of the energy Ministry, which pointed to a modest reduction of hydrocarbon reserves and further expansion of the shale deposits of the United States”.
“The bulls continue to focus on sanctions against Iran and the risk of supply shortage due to the actions of OPEC+, geopolitical risks, the Iranian factor and collapse of production in Venezuela. Judging by the behavior of the market, investors are confident that all of these factors can compensate for the continuing growth of production in the States”, — stated in the review expert.
Geopolitical risks adds that North Korea may 15, threatened to abandon the summit with the US in protest against the doctrines of Washington and Seoul. Pyongyang has also cancelled high-level talks with Seoul scheduled for may 16. As noted, the North Korean Agency KCNA issued a statement, which explains that the “doctrine of the U.S. air force and South Korea are a rehearsal for invasion of the North and the provocation amid warming inter-Korean ties.”
Negotiations U.S. President Donald trump and the leader of the DPRK Kim Jong-UN scheduled for June 12. They were to be held in Singapore.
In April held a historic summit with the leaders of North Korea and South Korea, where parties announced the beginning of negotiations on the conclusion of a peace Treaty in the Korean war and the denuclearization of the Peninsula.