By Natali Moss
As of 07:30, Grynwich Futures for Brent oil rose 63 cents, or 0. 8%, reaching $ 77. 18 per barrel. At the same time, American oil brands West Texas Intermediate increased by 61 cents, or 0. 9%, reaching $ 72. 04 per barrel. "The bad weather in Russia has played a role in the stronger opening of the trading in the morning, as well as the Hussite attack on a ship near Yemen," said IG Ig Analytic Tony Sicamore.
On Sunday, December 17, Russia announced its intention to deepen the reduction of oil exports in December by 50 thousand barrels a day or more. This decision is made within the efforts of the world's largest exporters to support the world's oil prices. This decision was made after Friday, December 16, Moscow temporarily suspended about two -thirds of supply of its main export oil of the Urals from ports. The reasons were adverse weather conditions and planned maintenance.
Shipping companies, including the world's largest container shipping lines MSC and A. P. Moller-Maersk, they said on weekends that they would avoid the Suez Canal, as the fighters in Yemen increased attacks on commercial vessels in the Red Sea. Both and WTI have completed their longest series of weekly falls over the past one and a half decades last week after a meeting of the US Federal Reserve last week, it was hopeful that raising interest rates ended and it is time to reduce them.
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