Oil slightly increased by the decision of OPEC

On Friday
day price of oil futures after
fall moved to a slight increase -
the market reacts to OPEC's decision, it
According to the publication MarketWatch. Saudi Oil Minister
Arabia's Ali al-Naimi said the oil
cartel will maintain production at
the level of 30 million barrels a day - this is
that step had been waiting for the market.

Oil prices
We did not change significantly after the announcement
- traders trying to fix weekly losses.
As the market expected, OPEC nothing
do to alleviate global
oversupply of oil. On the New York
Mercantile Exchange, Brent
to 15:50 MSK traded on
at $ 62.40
(+ 0.59%), and WTI - on
at $ 58.25
(+ 0.42%).

Before
go to a meeting in Vienna, several
oil ministers have said they will
to discuss an increase in the current ceiling
production level of 30 million barrels per day. But
Most experts believe that OPEC
support current production levels,
despite low oil prices
Iran and the likely return on oil
market if Western sanctions will
withdrawn. Iranian Oil Minister Bijan Zanganeh
told Reuters, that
Most OPEC members agree that
$ 75 per barrel - "fair" price
oil.

The last
time OPEC met in November 2014
year, the cartel led by Saudi
Arabia took the controversial decision to stop
support oil prices by adjusting
their production levels and to give
the possibility of market forces take over
this task. This decision led to
a strong drop in oil prices to
multi-year lows. decrease
It lasted until mid-January, when
Brent drops
to a low of $ 46.59 a barrel.

"On Friday
OPEC summit in Vienna turned his attention
the US dollar or the last movement
reduction in U.S. reserves of oil back to the
global supply and demand balance".
- says analyst Tim Evans of Citi Futures.