Thursday, September 29, 2016

The price of oil passed the 49 per barrel – Aftenbladet.en

The unexpected OPEC decision Wednesday to cut oljekartellets production of 750.000 barrels led quickly to the price of american light oil and nordsjøolje rose sharply.

oil prices rise after notification of the OPEC agreement

Through the night increased the price of oil with 6 per cent. At 2-the time it reached the price of nordsjøolje the highest level after the announcement, with the 49,05 dollars a barrel.

the Price dropped then and was on Thursday morning down at 47,99 per barrel. However, it is still far above the roughly 46 dollars it was ahead of OPECs meeting Wednesday.

a Great deal of uncertainty about the price of oil

For american light oil was the development equivalent, with a peak of 47,40 dollars a barrel on the night of Thursday, and then a decline to 46,60 per barrel in the morning.

here is How it works Opec on the world

Rising oil prices also helped to lift energiaksjene on the world market, and thus also the leading stock exchanges. In Oslo, the increase of 1.7 per cent.

the stock Exchanges in London and Frankfurt rose both 1 per cent, in Paris, there was an increase of 1.3 per cent. The Nikkei index in Tokyo rose 1.4 per cent. The Hang Seng index in hong Kong rose 0.5 percent and Shanghai was the increase of 0.4 per cent.

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