- OPEC expects decline in demand for oil from its member-states in 2015 to 28.8 mln bpd
- Global demand for OPEC oil to hit 12-year low in 2015 — report
- Lower oil prices undermine prospects for industrial regions in the US — FRS
- Russia’s GDP may fall 5% in 2015 at $40 oil price — ministry
- Oil prices key factor in Russia's economic slowdown — Sberbank CEO
LONDON, January 15. /TASS/. The price of Brent futures for February delivery grew by 0.7% on the Intercontinental Exchange (ICE) in London on Thursday to $49.07 per barrel.
Brent February futures are trading the last day before their expiry while futures for March delivery will start actively trading from Friday. The price of Brent futures for March delivery edged up by 0.38% to $50.05 per barrel.
Oil prices showed an upward correction on Wednesday when Brent went up by almost 5% to $48.89 per barrel, after which it started to fall again.
Oil prices were also supported by the OPEC January outlook, which raised the world oil cartel’s estimate of global demand for oil in 2015 to 92.3 million barrels per day from 92.26 million barrels per day.
At the same time, OPEC experts lowered the oil cartel’s outlook for OPEC oil demand by 100,000 bpd to 28.8 million bpd.
The ruble showed a rebound on the Moscow Exchange amid rising world oil prices.