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The price of the September futures for Brent oil on the London Stock Exchange ICE The 8:15 futures contracts rose to $ 0.15 (0.21%) at $ 72.73 a barrel. On Thursday, contracts fell from $ 0.32 (0.44%) to $ 72.58 a barrel
The cost of oil futures WTI for the month of August at the New York Mercantile Exchange's electronic auction ( NYMEX ) has so far risen from $ 0.29 (0.42%) to $ 69.75 a barrel. According to the results of the previous session, contracts increased from $ 0.7 (1.02%) to $ 69.46 per barrel
Brent has dropped 3.6% since this week, WTI 1.8%. The decline in prices was fueled by fears related to the possible consequences of a trade dispute with other states
Saudi Arabia's statement followed the support of the market, which led to the conclusion that there were no rumors
OPEC Representative of Saudi Arabia Adib al-A said thursday that the country's oil export in July will be roughly at the June level, and then decline in August by about 100 thousand barrels a day, writes MarketWatch.
Saudi "It turned out that Saudi Arabia does not intend to develop extraction, and that it provides market support" , said the Arabic gas company, "it would only export the amount of oil built in accordance with requests for increased supplies from customers". ForexLive analyst, Greg Michalowski
Brent Oil closed an offer on Thursday on a background of the cessation of the Norwegian oil strike that began on July 10th.
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