Oil prices fall after Novak on OPEC meeting

MOSCOW, 7 Feb — RIA Novosti/Prime. The world prices for oil on Friday after a short growth back in the “red zone” because of the review energy Minister Alexander Novak about the OPEC meeting in Istanbul next week, according to the auction.

As at 13.24 GMT the cost of December futures for North sea petroleum mix of mark Brent fell by 0.69% to 52.15 per barrel, the price of November futures for WTI — by 0.42%, to 50.23 per barrel. Informed of cost of oil of both grades showed growth.

Novak in interview to Agency Bloomberg has declared that the OPEC meeting in Istanbul will be of an Advisory nature. “I don’t think will be signed some agreement. It will be just advice,” he said.

In addition, the negative impact on the bidding has statistics of the us oil service company Baker Hughes. The number of drilling rigs for oil and gas worldwide in September on a monthly basis, increased by 37 units, or 2.3%, to 1584 pieces. In annual terms, the number of drilling fell to 587 units, or 27%, the company said.

In the U.S., the figure rose to 28 units, or 5.8% on a monthly basis – up to 509 units. In Canada, the rig count for the month increased by 12 units, or 9.3% to 141 pieces, in Latin America, 2 units, or 1%, to 189 pieces.