The price of oil Brent for the first time in a month rose above $54

Photo: Nikolay Gyngazov / Global Look Press

The price of a barrel of Brent crude oil for the first time in a month exceeded $ 54. This is due to expectations of further decline the main market players

In the course of trading in London the barrel North sea Brent for the first time since April 19, has exceeded $ 54. The maximum price has reached the level of $of 54.17.

As reported by Reuters, the price increase is due to the expectations of the meeting of representatives of OPEC countries and Russia, which is scheduled for may 25. As expected, the two sides can agree on reducing production to 1.8 million barrels per day by March 2018.

May 17 Analytical credit rating Agency (ACRA) published a forecast, according to which the extension of OPEC and joined the agreement States outside of the cartel may lead to higher prices up to $55,5 by the end of 2017.

The analysts ACRES do not see threats from non-parties to the agreement to reduce the production of the United States. According to the Deputy Director of the Agency Vasily Tanurkov, the projected increase in the cost of shale production in the United States above the current rate of $59 per barrel. makes unprofitable reactive growth of shale production at world prices below $60 per barrel.


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