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Brent crude price exceeds $58 as OPEC raises member countries' oil demand outlook for 2015

February 09, 2015, 16:37 UTC+3 LONDON
OPEC expects the world oil demand to rise in 2015 to 92,32 million barrels a day
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© Alexander Ryumin/TASS

LONDON, February 9. /TASS/. The price of Brent futures for March delivery increased by 0.56% on the Intercontinental Exchange (ICE) in London to $58.13 per barrel. Oil gains amid the recent reports on world oil demand issued by the Organization of the Petroleum Exporting Countries (OPEC).

OPEC expects the world oil demand to rise in 2015 by 1.17 million barrels to 92,32 million barrels a day, it said in a monthly report on Monday. Non-OPEC oil supply is projected to grow in 2015 by 0.85 million barrels a day, down 0.42 million barrels from the previous assessment.

Infographics Oil prices over 30 years Oil prices over 30 years
Year-average inflation-adjusted oil price. Infographics by TASS

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