Oil prices rose on Wednesday and have to recover from the previous day be linked. A Barrel (159 litres) of North sea Brent hit in the Morning 54,91 US Dollar. The were 90 cents more than the day before. The price for American crude oil of the variety WTI rose by 58 cents to 50,52 dollars.

Since the beginning of the trading week have stabilized the Oil prices after the recent decline. The focus of interest is the question of whether the oil cartel Opec, with Opec+ combined Oil-producing countries such as Russia react to the slide in Oil prices in the Wake of the Coronavirus epidemic is. db Oil price WTI 49,88 USD +0,34 (+0,69%) To recommended OTC

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group of experts, reduction of quantity of

Recently said the Russian energy Minister Alexander Novak, the government in Moscow going to the most recent advice of a group of experts of the Opec+ "study". Crude oil (Brent) 54,40 USD +0,74 (+1,38%) Had OTC

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The group of experts of the Opec+, a further reduction of the flow rate to 600 000 barrels per day is recommended, in order to support Oil prices after the recent decline in January. After leading Opec country, Saudi-had expressed Arabia, and approved the recommendation, showed Russia's so far hesitant.

Russia's energy Minister Novak said, moreover, that he was going to meet this Wednesday with representatives of the Russian Oil industry consultancies.

in Addition, Opec released its monthly oil market report. This deals with the most important influences on the global Oil market. The report includes forecasts for the development of the market and provides an analysis of the most important events that have an impact on the global Trends in terms of demand, supply and market equilibrium.

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Date Of Update: 12 February 2020, 10:00