The price of a barrel of Brent crude rose above $49 for the first time since the beginning of the month

The value of the futures contracts of Brent crude oil with delivery in January 2017 exceeded $49 a barrel for the first time since 1 November. The maximum price rose to $49.7 per.

Analysts attribute the growth of oil with expectations of reaching agreement between the countries of the OPEC to limit production.

“Great signal for the market were the actions of Iran and Iraq, they continue to make proposals in the agreement, which will be considered at the November meeting in Vienna. And positive adds, the Iranian oil Minister, who said that, probable that the session will end with success. The effect of the agreements reached, according to our estimates, to be modest, Brent will be back in the range of $50-55 per barrel”, — analyst UK “alpha-the Capital” Denis Asanov.

The increase in oil prices contributes to the strengthening of the ruble. As of 21:50 GMT the dollar on the Moscow stock exchange amounted to 63,9 RUB, EUR – RUB 67,8