Oslo Børs opens

The Oslo Stock Exchange opens Thursday morning.

After barely 25 minutes of trading, the main index is at 859.06, up 0.54%, and it has so far traded shares for 321 million kroner.

oil prices

Brent is down 0.05% to 59.06 dollars, while WTI increases 0.40% to 50.49 dollars.

For comparison, a barrel of oil from the North Sea was traded Wednesday at the Oslo Stock Exchange for $ 60.01.

Crude oil inventories in the United States rose 3.6 million barrels last week, compared with expectations of 0.8 million barrels. According to TDN Direkt, oil prices have fluctuated after the release of the numbers, but fell by about a dollar in the evening after rising slightly.

According to the news agency, as part of the G20 meeting, the general market will follow, among other things, comments on the evolution of the trade dispute between the United States and China. Opec / non-Opec will hold a meeting in Vienna on December 6, and senior analyst Tamas Varga of PVM Oil Associates says the meeting could be a formality.

"It is possible that when the oil ministers of the producing countries install a week later in Vienna, they officially do what was agreed this weekend at the G20 summit," he said. he told CNBC, according to TDN Direct.

In addition, analysts believe that, despite the geopolitical influence of the United States on Saudi Arabia after the Khashoggi affair, the Saudis still want to defend their own financial interests instead of complying with the wishes of US President Donald Trump, CNBC reports.

Saudi Energy Minister Khalid al-Falih said yesterday that he could not and did not want to reduce production alone and that 2019 would be a year in which the oil markets would be very stable. He also stated that he was convinced that a solution to stabilize the market would be found.

The question now is who will reduce production and how much will be reduced.

"Saudi Arabia is likely to review pressures and not meet President Trump's demands and cut back on production." The key question now is the size and extent of actual cuts for each member. from Opep, says the director of analysis and strategy for the MENA region, Ehsan Khoman, from MUFG to CNBC, according to TDN Direct.

Equinor drops 0.50% to 198.00 crowns. Aker BP rose 0.93% to 238.20 Kronor and the DNO rose 0.61% to 14.08 Kronor.

Höegh LNG lifted both the top and bottom lines in the third quarter and outperformed analysts' forecasts. He places the stock at the top of the list of winners with an increase of 8.15% to 39.15 crowns.

Norsk Hydro is currently organizing the capital market in London. After an initial review of the document, analysts at DNB Markets found that it did not seem to contain big surprises.