oil price upЦeнитe нa пeтpoлa в пoнeдeлниĸ cдъpжaнo ce пoвишaвaт, зaпoчвaйĸи чeтвъpтa ceдмицa нa пoдeм.

Oil prices increase from November lows

On Monday, oil prices increase for a third straight session on the commodities market. Taking advantage of last week’s drop to 7-month low record, speculators of the oil market capped gains.
As the number of U.S. oil rigs in operation hit its highest in over three years, investors in U.S. crude futures and options increased their bets against a further increase of oil prices.
By 08:36 GMT, Brent crude futures increased 48 cents at $46.02 per barrel. The price is still on track for a near 20% drop in the first half of the year.
U.S. West Texas Intermediate crude futures rose 47 cents at $43.48 per barrel.
SEB strategist Bjarne Schieldrop said: “We saw this continued big rise in oil rigs last week and in our view we don’t need a single additional rig for the next 12 months in the U.S. space if we look at balance for 2018. I don’t think OPEC is going to cut deeper, at least not for now. I think it’s keeping its fingers crossed and looking forward to Q3 and Q4 and hoping their medicine will do the trick.”