Oil costs more than $30 a barrel again

On Wednesday, January 17, the Organization of the Petroleum Exporting Countries (OPEC) must determine the volume of oil that states members of this organization will stop supplying to the world market. In anticipation of this decision, the energy market, reinsuring itself, raises the general level of prices for hydrocarbon raw materials. At the last trading of last week in New York, the price of one barrel of oil for delivery in February soared to $30.05. Bloomberg reports that the increase of 64 cents is the highest since December last year. In Europe, similar contracts rose in price by 14 cents per barrel. On the London International Petroleum Exchange, oil was already selling at $25.57 on Friday. Today at trading in Asia as of 9:00 Moscow time, Brent crude oil is selling 4 cents more expensive, at $25.61 per barrel.

Russian Urals oil delivered to Mediterranean ports fell by 42 cents on Friday to $23.93 per barrel.