• Oil buying intensifies

Market news

15 November 2016

Oil buying intensifies

This morning, the New York futures for Brent rose 1.85% to $ 45.25 and WTI rose 2.33% to $ 44.33 per barrel. Thus, the black gold is trading in the green zone on the background of the US Energy Ministry forecast that show a decrease of production in December. US could reduce the amount of shale oil extraction on the fields of the largest oil and gas regions by 20 thousand barrels per day from November's level - 4.498 million barrels per day. So production could fall near the 2016 lows.

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