The price of oil exceeded $50 for the second time in September

The price of a barrel of Brent crude oil with delivery in December 2016 while trading on the ICE exchange has exceeded $50 per barrel.

At maximum oil reached $of 50.08 per barrel. Then the price of oil declined slightly. As of 18:53 Moscow time the cost of the December futures for Brent oil per day grew by about 1.65%.

The last time the price of a barrel of oil of mark Brent has overcome a mark in $50 to $50,12 8 September. While the rise of oil prices occurred against the background data about the largest for the last 17 years the elimination of stockpiles in the United States.

The day before, September 28, in Algeria of the OPEC countries for the first time in the last eight years, agreed to reduce the level of oil production of approximately 700 thousand barrels per day.