Brent crude in London rose $1,08, and the price of WTI in new York has risen by $0,65.
World oil prices reference marks grow moderately, reaching highs for the last three months. This according to the auction on Thursday evening, February 14.
So, the April futures for Brent crude on London’s ICE Futures exchange rose $1,08 (1,70%) and traded at $64,69 per barrel.
Quotes of WTI oil futures for March at the auction of the new York Mercantile exchange (NYMEX) rose to $0,65 (of 1.21%) to $54,55 per barrel.
Black gold rises in price on expectations of positive news from Beijing, where the two-day trade talks the US and China. The parties have two weeks to reach an agreement that would satisfy both sides, otherwise March 1 shall enter into force of the new mutual duties.
The pressure oil is also statistics of China, under which the country in January increased oil imports by 4.8% compared to the same period last year, to 42.6 million tons of 10.03 million barrels a day. Daily imports 10 million barrels for the third month in a row.