Oil prices rise on Thursday after a decrease on the eve of some weakening of optimism regarding the prospects for demand. The focus of the market is a meeting of the Ministers of OPEC countries, which will discuss May quotas for oil production.
The meeting of the Ministerial OPEC Committee +, which was held on Wednesday, was completed without making any recommendations. The source of interfax in one of the delegations reported that all solutions will be made by the ministers on Thursday.
In the meantime, the Secretary General of OPEC Mohammed Barkindo, speaking at the meeting of the OPEC Committee + Wednesday, noted that, despite the positive factors, including mass vaccination against COVID-19 in the world, as well as budget incentives, the economic environment remains ” problem, complex and uncertain. “
The cost of June Brent oil futures on the London Stock Exchange Ice Futures is currently $ 63.11 per barrel, which is $ 0.37 (0.59%) higher prices for closing the previous session. According to the results of trading on Wednesday, these contracts fell by $ 1.43 (2.2%) – up to $ 62.74 per barrel.
WTI oil futures price for May at the electronic bidding of the New York Commodity Exchange (NYMEX) by this time is $ 59.53 per barrel, which is $ 0.37 (0.63%) above the level of closing the previous session. On Wednesday, the cost of these contracts decreased by $ 1.39 (2.3%) – up to $ 59.16 per barrel.