Oil prices rose to owns 83.18 per barrel

© AP Photo / Hasan JamaliДобыча oil in the middle East. Archival photoOil prices rose to owns 83.18 per barrel© AP Photo / Hasan Jamali

World oil prices Monday morning continues to grow moderately, amid concerns about possible shortage of raw materials on the market after the entry into force of us sanctions against Iran in November, and after evidence of decrease in the number of working oil rigs in the United States, according to the auction.

As at 7.44 GMT the cost of December futures for North sea petroleum mix of Brent increased by 0.53%, to owns 83.18 per barrel, the November futures for WTI — by 0.38%, to 73,53 USD per barrel. The results of Friday Brent crude rose by 1.7% to 82,73 dollar and crude fell 1.6% to its highest level since July 10 in 73,25 per barrel.

Support to the oil prices continue to have expectations of the coming entry into force of us sanctions against Iran. USA, coming in may from the agreement on the nuclear program with Iran, and restore sanctions against the country, against the energy sector, they will come into force in early November. Washington has declared the purpose to increase the export of oil from Iran to zero.

President of Strategic Energy & Economic Research Michael Lynch (Michael Lynch) said in comments to the Agency Market Watch that the sanctions against Iran seem to yield results, if you look at what these buyers of Iranian oil, as Indian and Chinese companies, avoid it purchases.

Additional support for the oil market have the Friday data on the us oil and gas service company Baker Hughes, a GE Company (BHGE) that the number of oil rigs in the United States for the week ended 28 September, down three, or 0.3 percent, to 863 units.

Oil prices rose to owns 83.18 per barrel© Infographicsrussia forces in the world oil market

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