Georgia’s Orthodox patriarch to visit Moscow to mark Russian patriarch’s 70th birthdaySociety & Culture October 23, 4:21
Iraqi forces enter last settlement on northern approaches to Mosul — mediaWorld October 23, 3:56
Azerbaijan’s president says his country will not increase oil outputBusiness & Economy October 23, 3:29
Second round of parliamentary election to be held in Lithuania on SundayWorld October 23, 2:49
Russian Duma delegation to take part in BRICS forum, IPU Assembly in GenevaRussian Politics & Diplomacy October 23, 2:11
Ceasefire in Syria violated 44 times in 24 hours — Russian reconciliation centerWorld October 23, 1:36
Russian national delegation would be more effective at US election — expertRussian Politics & Diplomacy October 23, 1:09
Russia looks to produce Zika vaccine in Nicaragua — health ministerSociety & Culture October 23, 0:20
Russian diplomat calls to compare death tolls in Iraq under Hussein vs under US ruleRussian Politics & Diplomacy October 22, 21:00
LONDON, January 16. /TASS/. The price of the benchmark Brent crude exceeded $50 per barrel on the Intercontinental Exchange (ICE) in London on Friday.
Brent futures for March delivery increased by 3.6% as of Friday afternoon to $50.07 per barrel.
Thursday was the last day for trading of the Brent futures for February and trading of futures for March delivery actively started on Friday.
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.