World oil prices have renewed their highs since December 2014 on the background of the publication of data from the US Department of Energy on reducing raw material reserves in the country, the OPEC + agreement and the weakening of the dollar, according to the bidding data.

As of 08.05 Moscow time, the price of March futures for the North Sea oil blend of Brent brand grew by 0.64% to $ 70.98 per barrel. The cost of March futures for WTI rose by 1.02%, to 66.28 dollars per barrel. Earlier in the course of Thursday's trading, the price of Brent reached a mark of 71.05 dollars per barrel, for the first time exceeding the level of 71 dollars since December 3, 2014. WTI brand oil for the first time since December 5 exceeded the level of 66 dollars.

Investors win back statistics from the US Department of Energy. On Wednesday, the agency reported that commercial oil reserves in the country (excluding the strategic reserve) declined for the tenth week in a row. For the week ended Jan. 19, stocks fell by 1.1 million barrels, or by 0.3%, to 411.6 million barrels, while experts expected a smaller decline. Oil reserves at the country's largest terminal in Cushing (Cushing) decreased by 3.2 million barrels, amounting to 39.2 million barrels.

The deal of OPEC + to reduce oil production and the depreciation of the dollar to world currencies to a minimum since December 2014 also support world oil prices, Reuters notes.

In addition, traders win back reports that at the World Economic Forum in Davos on Wednesday, Russian Energy Minister Alexander Novak and Saudi Arabia's Energy Minister Khalid al-Falikh discussed joint projects. According to the main market strategist AxiTrader Greg McKenna, the words of which the agency leads, the main factors of influence on the oil market are now the continuation of the dialogue between the Saudis and the Russian Federation regarding long-term projects, another decrease in the reserves of "black gold" in the US and the cheapening of the dollar.

Link: https://ria.ru/economy/20180125/1513278091.html