For oil it was the best week since February – podrożała almost 10 percent. Banker

the Price of oil on the fuel exchange in new York slightly down, but ends week, for this raw material, the best time February – oil podrożała this week to 9.9 percent. – misleading brokers.

a Barrel of West Texas Intermediate crude oil supplies in January for the fuel exchange NYMEX in new York is estimated at UAH of 50.65 at a discount of 41 cents, or 0.8 percent.

Brent with deliveries in February on the fuel exchange ICE Futures Europe in London is cheaper by 64 cents to $ of 53.30 per barrel.

Wednesday States United OPEC agreed to limit production of raw materials by countries in the cartel to 32.5 million barrels per day. The agreement should kick in from the beginning of 2017.

State niezrzeszone OPEC agreed to cut oil production by 600 thousand barrels a day.

In September, the Organization of Countries-Exporters of Oil (OPEC) agreed in advance, during an informal meeting in Algeria, to reduce the daily limit mining of raw materials that is 32.5 million barrels.

Now, the markets ‘ attention will focus on the fact that the cartel countries will enter an agreement is reached and if you keep the discipline. Also of importance is the reaction of the largest suppliers of oil outside OPEC. Russia promised that it will reduce the supply of its oil to 300 thousand. barrels per day.

“If something goes wrong in the OPEC – cartel, for example, will not submit the agreements reached, either the producers of oil from shale in the United States will increase the supply of its oil, the market will have problems,” estimates Min Byungkyu, a strategist of global markets at Yuanta Securities Korea Co. in Seoul.

“there will be significant changes on the supply side of oil, because oil prices above $ 50 per barrel are producers of oil from shale is a clear signal to increase supply,” he adds.

during the previous session, crude oil on NYMEX in new York rose by UAH 1.62, or 3.3 percent, to 51,06 USD per barrel.

Ends the week growth of quotations of WTI, while 9.9 per cent., will be the period with the strongest could be the rising oil prices during the week ended February 26, 2016. (PAP)

aj/ Ana/