Today oil began to lose in price. February futures for Brent crude oil at the London exchange by 8:04 Moscow time on December 29 sank for $0,04 (0,07%) - to $56,18 for barrel. Quotations of futures for WTI crude oil for February at the biddings of the New York Mercantile Exchange (NYMEX) by the specified time fell by $0,30 (0,55%) - to $53,76 for barrel, reports Oil and gas information with reference to Finmarket.
Yesterday oil rose in price on optimism of investors concerning measures for reducing production by the OPEC countries which could lead to decrease in surplus of the offer in the world market of fuel. Oil prices are near the maximum levels in one and a half years. Following the results of the biddings on December 28 the cost of the February contract for Brent crude oil at the ICE Futures exchange in London grew up for $0,13 (0,23%) and constituted $56,22 for barrel. The February future for WTI on the New York Mercantile Exchange of NYMEX rose in price $0,16 (0,3%) - to $54,06 for barrel.