Brent oil risen in price by more than 46%

US, WASHINGTON (ORDO NEWS) — The cost of June futures for Brent crude on the London ICE exchange at its peak rose by 46.7% to $ 36.29 per barrel, according to the trading platform.

However, then growth slowed down, according to 18:06 UTC, Brent is rising by 20.9% and is trading at $ 29.91 per barrel.

The price of WTI oil is growing by 23.29% – up to $ 25.04 per barrel, at the peak of growth it reached $ 27.39 per barrel, which is 34.86% higher than the closing level of previous trading.

Amid rising oil prices are rising stocks of fuel companies. So, Lukoil shares jumped 11.87%, Rosneft – 10.37%, Bashneft – 8.46%, prefs of Tatneft – 8.39%, ordinary shares of Tatneft – by 8.03%, Gazprom Neft – by 8.08%, Novateka – by 6.22%, Surgutneftegaz – by 5.97%, prefs of Bashneft – by 4.66%.

Futures prices rose amid a statement by US President Donald Trump that he hopes that Saudi Arabia and Russia will begin to cut oil production by 10 million barrels or more.


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