Bank Of Baku

Brent crude rises 22% in April

 Brent crude rises 22% in April
# 29 April 2016 15:16 (UTC +04:00)

Brent crude went up $0.05 to close at $48.19 a barrel.

 

The oil price rose due to reduction of output in the US. According to the US Energy Ministry, oil output dropped from 15 mln barrels to 8.94 mln barrels a day. This index has been reducing for seven weeks.

 

By the way, the Brent crude has gone up 22%, WTI crude 21% since early April.

 

 

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