“Brent oil prices rose to $59.4 per barrel for

New York. 27 Oct. INTERFAX – oil Prices reference marks are weakly changed in Friday trading after rising Brent to its highest level in two years, optimism regarding the extension agreement to limit oil production

The price of December futures for Brent crude on the London ICE Futures exchange to 8:03 in Moscow increased by 10 cents (0,17%) to $59,40 per barrel.

The December contract for WTI crude oil in electronic trading on the new York Mercantile exchange (NYMEX) by this time fell by 2 cents (0.04 percent) to $52,62 per barrel.
On Thursday, Brent futures rose 89 cents to a maximum in June, 2015 $of 59.30 per barrel. WTI rose 46 cents to $52,64 per barrel, the highest since April.

Such a jump in Brent prices is due to the fact that on the eve of the crown Prince of Saudi Arabia Mohammed bin Salman called for the extension of the deal to cut production after March 2018.

“The Saudis have consistently followed its position aimed at the extension of the production cuts and the gradual decline in world fuel reserves”, – says the head of the trading Department LPS Partners Michael Haile.

However, the growth WTI is limited evidence to suggest that the volume of oil production in the U.S. last week jumped by the maximum value since 2012 and made up 9.51 million barrels a day after the end of the effects of tropical storm “Nate”.

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