Oil prices are grown in the morning and are near the maxima for the age of 7, achieved on the basis of the last trades last week, Interfax.
The price of Martov futures on oil Brent is $ 91.02 per barrel, which is $ 0.99 (1.1%) above the price of closing the previous session. According to the results of trading on Friday, these contracts went up by $ 0.69 – to $ 90.03 per barrel, during the trading price rose to $ 91.7 per barrel for the first time since October 2014. The term of March futures on Brent expires on Monday.
The price of WTI oil futures for March at the electronic trading in the New York Commodity Exchange (NYMEX) is $ 87.78 per barrel, which is $ 0.96 (1.11%) above the final value of the session on Friday. On the eve of the cost of these contracts increased by $ 0.21, to $ 86.82 per barrel.
Both brands of oil rose in terms of the sixth week in a row. Since the beginning of January, their cost rose by about 16%, while the growth rate can be the maximum since February 2021.
In the meantime, the market attention is switched to the upcoming ministerial meeting of OPEC countries. Market participants are waiting for the meeting that is scheduled for February 2 will be decided to continue to adhere to the plan for increasing oil production by 400 thousand b / s every month in March.