During the trading on Wednesday, June 9, the cost of the reference variety of oil Brent took off to maximum values over the past two years, and the cost of WTI – before the record from October 2018. This is evidenced by the data of the London Stock Exchange ICE.
At the moment Brent reached $ 72.82 per barrel, and WTI – 70.63 dollars. As of 13:50, they adjusted to 72.48 and 70.3 dollars, respectively.
The reason for the growth was the reports of the American Oil Institute for reducing reserves by 2.1 million barrels for the last week. According to analysts, this process will continue, especially against the background of the abolition of coronavirus restrictions in developed countries and, as a result, significant growth in demand for gasoline.
During the St. Petersburg International Economic Forum (PMEF-2021), Deputy Prime Minister of Russia, Alexander Novak, said that the price of oil could in the future to reach $ 200 per barrel if it stops to invest in new projects, as the international energy agency offers.
At the same time, the Minister of Energy of Russia Nikolai Shulginov does not believe that in the next three years the cost of oil will rise to $ 100 per barrel. However, what will be in the remote perspective, the official to predict refused due to numerous uncertainties.
Against the background of the growth of oil quotes, the ruble is strengthened. In relation to the dollar, he rose to the maximum since July last year.