World oil prices on Friday morning are rising due to cheaper dollar, which supports demand for commodities, according to the auction.
As at 8.05 GMT, the September futures price for North sea petroleum mix of mark Brent has grown on 0,35% - to the accounting period by 43.46 per barrel, the September futures for WTI rose in price on 0,15% - to 41,13 per barrel.
Russian Urals crude oil are still traded in Northwest Europe at a premium to North sea Brent, however, it dropped to 0.3 per barrel on July 15-16 from the record level of the end of June 2.45 dollar. This was announced by the international price Agency Argus.
Urals crude oil, in contrast to the North sea, is considered heavy oil, which yields less light petroleum products such as gasoline. Light oil products are usually more expensive, however, relative prices may change. The spring of Russian oil has risen and is trading at a premium.
Ruble strengthens decline against the background of negative dynamics of the oil market, the Euro is trading less than 82 rubles, according to data from the Moscow exchange.
The dollar calculations "tomorrow" at 12: 00 MSK increased by 34 kopecks to 71,87 of the ruble, the Euro rate – 56 cents, to 82,05 of the ruble, which is the highest since may 4.
World oil prices on Friday morning are down, traders are concerned about the prospects for demand for raw materials on the background of the situation with COVID-19, according to the auction.
As at 7.54 GMT, the September futures price for North sea petroleum mix of mark Brent has fallen on 0,32% - to 43.23 per barrel. August futures for WTI crude oil became cheaper on 0,22% - to 40.66 per barrel.
World oil prices are down Thursday morning, as traders assess the prospects for the transaction of OPEC after the meeting of the Alliance this week, expecting to increase production, according to the auction.
As at 8.05 GMT, the September futures price for North sea petroleum mix of mark Brent fell by 0.62% to 43.52 USD per barrel. August futures for WTI crude oil became cheaper by 0.8% to 40.87 USD per barrel.
Oil prices Thursday morning showed multidirectional dynamics on the background of signs of recovery in U.S. demand, while being under the pressure of fears of the resumption of quarantine measures, according to the auction.
As at 7.43 MSK price of the September futures for North sea petroleum mix of mark Brent have grown on 0,05% - to 43.31 USD per barrel. August futures for WTI crude oil became cheaper by 0.1% to 40.86 USD per barrel.
Oil prices on Tuesday morning correctional decline after rising during trading on Monday, according to the auction.
As at 7.42 GMT, the September futures price for North sea petroleum mix of mark Brent fell by 0.42% to 42.92 USD per barrel. August futures for WTI crude oil dropped by 0.37% to 40,48 USD per barrel.
The ruble has significantly reduced the dollar and Euro amid falling oil prices.
American currency calculations "tomorrow" on 21:04 GMT rising 94 cents, to 71.5 ruble, the Euro by 1.04 ruble to 80,37 of the ruble, follows from the data of the Moscow exchange.
Oil prices on Monday morning, significantly reduced the concerns about the coronavirus and its impact on demand for raw materials, according to the auction.
As at 7.48 GMT, the September futures price for North sea petroleum mix of mark Brent fell by 1.88 percent to 40.18 percent. August futures for WTI crude oil depreciated by 2.21% to 37.64 per dollar per barrel.
Oil prices on Friday morning significantly increase in optimism around the prospects of a recovery in demand for raw materials, according to the auction.
As at 7.54 GMT the price of August futures for North sea petroleum mix of mark Brent has grown on 1,39% - to 41.62 USD per barrel. August futures on WTI rose in price on 1,29% - to 39.22 per barrel.
Oil prices continue to decline on the background of the spread of coronavirus and rising stocks of raw materials in the United States, according to the auction.
As of 8:25 Moscow time the cost of the August futures for North sea Brent was down by 0.79% to 39.98 USD per barrel. August futures for WTI became cheaper by 0.63% — to 37.77 USD.
The rate of decline in global oil prices has accelerated to about 4.5% after the release of statistics US Department of energy on its reserves and production in the country, according to the auction.
As at 17.56 GMT the price of August futures for North sea petroleum mix of mark Brent fell by 4.46% to 40.73 per barrel, the August futures for WTI - by 4.63% to 38.5 percent. Earlier in the day, these prices fell to 1-1,5%.
Russian oil Urals from the beginning of June has risen in Europe by more than $ 7, 45-46 dollars a barrel, the brand is still trading with a premium to Brent, which however decreased and now stands at 1.55 per barrel in the North-Western market and 2.55 dollars in the South, according to the pricing Agency Argus.
"Urals is still sold at a premium to the benchmark (Brent - ed.) against the background of limited supply. So, the award for party of the Russian varieties in North-West Europe on 23 June was 1.55 per barrel Since the beginning of June, the award was reduced to $ 0.75 due to the low margin of processing in Europe and the worsening of conditions for arbitration of supply. In absolute terms, Urals rose by 7.42 dollar after the Etalon, to 45,06 per barrel", - reported in the review of the Agency.
The ruble in the course of passing the address of the President of Russia Vladimir Putin to the citizens and added a little more than 10 cents against the U.S. currency, while the growth of oil prices slowed somewhat, according to data from the Moscow exchange.
The dollar calculations "tomorrow" to 17.58 GMT is reduced by 37 cents, to 68,65 ruble. Before the start of the statements of the President of the Russian Federation, the ruble had gained 34 kopecks against the dollar, then the dollar has lost 47 cents, sinking to 68,55 ruble.
Oil prices Monday morning show a negative trend amid lingering concerns over the recovery of demand, according to the auction.
As of 7.57 GMT the price of August futures for North sea petroleum mix of mark Brent fell by 0.26% to 42.09 USD per barrel. August futures for WTI crude oil depreciated by 0.48% to 39.66 USD per barrel.
World oil prices rise on Friday afternoon on average by 2.5%, markets digest the results of the meeting of OPEC , which supports expectations for the balance of supply and demand of oil, according to the auction.
As at 13.23 GMT the price of August futures for North sea petroleum mix of mark Brent has grown on 2,24% - to 42,44 dollars per barrel. July futures on WTI rose in price by 2.83% to 39,94 USD per barrel. In the morning, oil rose in price by about 1%, and the day growth of quotations reached 3% or more. Since the beginning of the week oil quotations grew on average by almost 10%.
Oil prices decline on Monday by 2-3% due to concerns about slow demand growth for raw materials, intensified against the background of growth in the number infected with the coronavirus in the United States, according to the auction.
As at 7.47 GMT the price of August futures for North sea petroleum mix of mark Brent fell by 2.3% to 37,85 dollars per barrel. July futures on WTI oil depreciated by 3.34% to 35.05 USD per barrel.
Oil prices on Friday afternoon moved to growth after the fall on Thursday at 7-8% due to concerns over demand for raw materials and global volatility that gripped the markets, according to the auction.
As at 13.11 GMT the price of August futures for North sea petroleum mix of mark Brent have grown on 1,01%, to 38,94 USD per barrel
The ruble on Thursday evening before the long weekend has accelerated the decline in the dollar and the Euro after the collapse of the oil market by more than 7%, follows from the data of the Moscow exchange.
The dollar at 21.21 GMT Thursday grew by 1.55 ruble and reached 70,05 of the ruble. This maximum value may 29. The Euro exchange rate increased by 1.37 ruble — to 79,30 of the ruble.
Oil prices accelerated the rate of decline after the closure of the stock markets of Europe, oil prices are losing connection with the publication of new macroeconomic forecasts of the Federal reserve system (FRS), according to the auction.
As of 19.30 Moscow time the price of August futures for North sea petroleum mix of mark Brent fell by 8.65% to 38,12 dollars per barrel
The country's agreement to reduce oil production by OPEC on Saturday will hold its first since the inception of the new arrangements Ministerial meeting, and although it was previously assumed that the correction transaction will be considered in December, 6 June, the Ministers are going to raise this issue in the framework of the planned conference.
Since early may, came into force a new agreement on the reduction of oil production by OPEC during the crisis due to pandemic coronavirus, lower oil prices and falling oil demand with more than 100 million barrels per day to 70-80 million barrels a day.
The increase in world oil prices accelerated to 3% on Friday afternoon in anticipation of Saturday's OPEC meeting and possible solutions to reduce production, according to the auction.
As at 13.46 GMT the price of August futures for North sea petroleum mix of mark Brent grew by 3% to 41.18 per barrel, the July futures for WTI - by 2.38%, to 38.3 per barrel. On the morning of Friday the rise in oil prices did not exceed 0.5%.
The world prices for oil on Friday grow, investors are expecting new information about the dates of the meeting of the representatives of the countries of the OPEC deal , according to the auction.
As at 7.45 GMT the price of August futures for North sea petroleum mix of mark Brent has grown on 0,55% - to 40,21 per barrel. July futures on WTI rose in price on 0,24% - to 37.5 per barrel.
The price of Brent crude oil rose above $ 40 for the first time since March 6, when the collapse of quotations, according to the auction.
As 03.44 GMT the price of August futures for North sea oil mixture Brent grew by 1.14% to 40.08 USD per barrel. July futures on WTI as at 03.46 GMT rose in price on 1,96%, to NOK 37.53 per barrel.
In the evening the ruble rises against dollar and Euro on the background of increasing oil prices.
The dollar calculations "tomorrow" at 20.50 MSK decreased by 34 kopecks and reached 68,78 of the ruble, Euro — by 15 kopecks, to the level 76.8 ruble, follows from the data of the Moscow exchange. Earlier Tuesday, the dollar and the Euro has updated the lows of March 6.
World oil prices on Tuesday morning are rising in the hope of extending the existing limitations on oil production by OPEC , according to the auction.
As of 7.49 GMT the price of August futures for North sea petroleum mix of mark Brent has grown on 0,86% - to 38,65 dollars per barrel. July futures on WTI rose in price by 0.56% to 35.64 percent.
Prize of the Russian oil brand Urals to the price of North sea Brent reached a record for the entire history of observations since 1990: 2.3 per dollar in North-West Europe and 2.8 per dollar in southern Europe, according to international pricing Agency Argus.
"The price of "Urals" have reached record premiums to North sea benchmark in the history of the Argus monitoring since 1990. Support cost varieties had a significant reduction of production in Russia in terms of recovery of oil demand in the world market due to the weakening of quarantine measures," - said the Agency.
The Russian stock market and ruble on Monday will grow by the improvement of the external background and the return of demand for risky assets, analysts said.
The weakening of the dollar on the international Forex market will also contribute to the strengthening of the domestic currency, experts believe.
World oil prices on Friday morning fall after the publication of statistics about the unexpected growth of stocks of raw materials in the United States, according to the auction.
As at 7.43 MSK the price of August futures for North sea petroleum mix of mark Brent fell by 1.03% to 35,65 USD per barrel. July futures on WTI oil depreciated by 1.57% - to 33.18 per barrel.
