Oil rises in the price against a weak dollar


The cost of oil intelligence signs rose again during the merchandise trade due to a decline in US securities against the world's main funds. Reports about "Interfax-Ukraine".

Revenue price to Geneva for Brent on ICE Futures at Stock Exchange London until 18:02 Moscow started at $ 0.14 (0.21%) – up to $ 66.39 per barrel.

The current cost of the WTI for New York Mercantile Exchange (NYMEX) electricity rises at $ 0.4 (0.72%) – to $ 55.99 per barrel.

The main session in New York will not be on Monday as a result of public holidays in the United States (President's Day).

The WSJ Dollar Index, which defines the dollar's dynamics against 16 major global funds, 0.1% off trade. The dollar weakening is a positive cause for product markets, including an oil market.

At the same time, investors to evaluate US President Donald Trump's statements have made great progress in trade talks with the PRC. On Friday, PRC Chairman, Xi Jinping, published a positive progress in the talks.

Agreements between the two States will continue this week in Washington.

"The trade arrangements between the US and China have made progress, which has resulted in depression on the dollar," said Alonso Esparza, OANDA's high analysis.

According to JBC Energy specialists, in short-term, Brent's raw oil price can storm it; a mark of $ 70 per barrel.

Earlier it was reported that oil prices had grown faster after the Russian Power Minister reported.

We also wrote that Brent oil is still getting its & # 39; price and has already risen in price to $ 63.12 per barrel.

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