Price of oil jumped 12 January

Brent oil price exceeded 83 dollars per barrel for the first time since November 16. This is evidenced by the data of trading in the London Stock Exchange ICE.

During trading, the price of March futures at Brent grew by 3.04 percent, to 83.33 dollars per barrel, February futures on WTI – by 3.43 percent, up to 80.91 dollars.

According to analysts, by the end of the year, the price of oil is preserved at the level close to the current. The main reasons to prevent the growth of quotations will allow an excess of supply in the world market and decline in demand due to new locomotives in different countries.

/Media reports.