oil prices

Brent oil price exceeds $68 first since November

The cost of the futures contracts of Brent crude oil for May 2019 delivery gained 0.71% amounting to $68.03 per barrel on London's ICE as of 11:10 a.m. Moscow time today, according to the trading data. The cost of Brent crude oil …

Novak: too early to say if OPEC+ deal to be extended

Russia’s energy minister Alexander Novak said that it was too early to say if the global deal to cut oil production between the Organization of the Petroleum Exporting Countries (OPEC) and other large oil producers would be …

Forecasts for ruble’s exchange rate worsened

Russia’s top bank Sberbank has worsened its forecasts for the ruble’s average annual exchange rate against the U.S. dollar for 2019–2020. The bank worsened the rate for 2019 to 68.5 rubles per U.S. dollar and for 2020 …

Oil prices tick over near 2019 highs

Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy. WTI crude oil futures were …