Oil prices rising on Monday, updating a maximum of two months, data on the reduction in the number of drilling rigs in the U.S. to its lowest point in more than 6 years, reports Bloomberg.
Quotes of Brent rose in the course of trading above $40 per barrel for the first time since December 10. 18:20 Moscow time growth of cost of Brent has slowed down – the may contract was at $39,84 (+2.9 percent).
Futures price for WTI crude oil for March in the system of the new York Mercantile exchange increased by this time by 2.3% to $36,78 per barrel.
“Investors and traders are eagerly waiting for their chance at the oil rally,” – said in the review analysts at Barclays.
According to Baker Hughes, the number of operating oil rigs in the U.S. last week fell by 8 units to 392 units, the lowest level since December 2009. The decline has continued for 11 consecutive weeks.
Oil producing countries within and outside OPEC, to hold a meeting in the time range from 20 March to 1 April, said Friday the head of Ministry of energy of Russia Alexander Novak. Earlier he said that more than 15 oil-producing countries have already supported the initiative to freeze oil production at the January level, but Russia will continue to work to stabilize the situation on the world oil market and other oil-producing countries.