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Brent Oil Prices Hit High of $49 per Barrel Since November 2015

Sputnik International

Global prices on Brent oil have begun to actively grow and hit $49 per barrel for the first time since November 5, 2015, according to market statistics on... 16.05.2016, Sputnik International

2016-05-16T12:13+0000

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Brent Oil Prices Hit High of $49 per Barrel Since November 2015

12:13 GMT 16.05.2016 (Updated: 13:14 GMT 16.05.2016)

An oil pump works at sunset Wednesday, Sept. 30, 2015, in the desert oil fields of Sakhir, Bahrain - Sputnik International

Global prices on Brent oil have begun to actively grow and hit $49 per barrel for the first time since November 5, 2015, according to market statistics on Monday.

MOSCOW (Sputnik) – At 12:07 GMT July futures for North Sea Brent oil grew by 2.55 percent to $49.05 per barrel. WTI oil prices for June futures also increased by 2.49 percent, trading at $47.34 per barrel.