The price of Brent crude topped $49 per barrel for the first time since the sixth of July

© RIA Novosti / Ilya Petliurite in photobacteria oil. Archival photoThe price of Brent crude topped $49 per barrel for the first time since the sixth of July© RIA Novosti / Ilya Petliurite the image Bank

World oil prices continue to rise on Friday on the improvement of the forecast of the International energy Agency (IEA) oil demand in 2017, the price of oil Brent for the first time since July 6, exceeded $ 49 per barrel, according to the auction.

As at 15.34 GMT the cost of the September futures for North sea petroleum mix of mark Brent has grown on 1,07% — to 48.94 per barrel. Earlier in the trading it for the first time since July 6, exceeded $ 49 per barrel. The price of August futures for WTI crude oil increased by 1.19%, to 46.63 a dollar per barrel.

On Thursday, the International energy Agency (IEA) raised its forecast for demand for oil in 2017, which is 160 thousand barrels per day, up to 98 million barrels per day. In the previous report, the world demand for oil is expected to reach 97,84 million barrels per day. The growth rate compared to year 2016 will amount to 1.4 million barrels per day.

Oil demand in 2018 is projected to grow by 1.4 million barrels per day, up to 99.4 million barrels per day. The accelerated growth rate of countries outside the Organization for economic cooperation and development (OECD) will offset the possible decline from the OECD countries.

«Those who wanted to confirm the return of demand for oil, got it,» reports Reuters, a senior analyst of PVM Oil Associates tamás Varga (Varga Tamas).

In addition, traders will be watching weekly statistics on the number of oil and gas rigs in the United States from American oil and gas service company Baker Hughes, a GE Company (BHGE) later on Friday. At the end of July 7 the working week the number of drilling rigs in the US increased by 12 units, or 1.3%, to 952 units. In annual terms, the number of drilling rigs grew by 512 pieces, or 2.2 times.

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