Oil hits $57 first days of 2017

ASTANA. KAZINFORM Brent has reached $57.17 on London's ICE exchange. It is growing due to the news from Qatar, which plans to reduce oil production by 130 thousand barrels per day, reports Lenta.ru referring to Bloomberg.
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February futures prices for WTI crude oil are also growing. The price of Texas rose 48 cents to $54.2 on NYMEX, Rambler News Service reports.

As Bloomberg notes, Brent in 2016 has risen by more than half, which is the highest growth since 2009.

On November 30 OPEC member states held a meeting in Vienna where they have agreed to reduce oil production by 1.2 million barrels per day - to 32.5 million for the first time since 2008. In addition, the cartel agreed with the non-OPEC countries to cut oil production.

 

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