Brent barrel cost exceeded $ 30

World oil prices during trading on January 19 returned to growth after a decrease the day before to minimums from 2003. By 14:50, MSK March futures on the North Sea Brent rose by 5.5% to $ 30.12 per barrel, and the quotes of the North American WTI rose 2.7% to $ 31.21 per barrel.

Against the background of the rise in oil prices, the ruble rate is strengthened. At the currency trading of the Moscow Exchange, the dollar fell into more than 78.12 rubles, and the euro lost 1.2 rubles and fell to 84.86 rubles.

According to Reuters , oil consumption in China has high oil consumption. According to preliminary data, in 2015 it increased by 2.5% to a record 10.32 million barrels per day.

In addition, on January 18, the organization of oil exporters increased the forecast for oil demand for oil in 2016 to 94.17 million barrels per day (about 40 thousand barrels larger than the previous forecast). In the current year, the global demand for hydrocarbons should increase by 1.36% or 1.26 million barrels per day. In 2015, the indicator, according to OPEC, increased by 1.68% of the previous year and amounted to 92.92 million barrels per day.

On January 19, the International Energy Agency (IEA) in its report also predicted the growth of global oil demand in 2016, which in the second quarter will exceed 95 million barrels per day, and from the third quarter there will be more than 96.4 million barrels per day. At the same time, IEF expects that an excess supply of hydrocarbons will remain on the global market at least until the end of this year.