Oil traded in New York broke the mark in the $ 50 price barrel of U.S. light crude oil brands Light Sweet Crude Oil on the New York Stock Exchange NYMEH rose on Monday, 15 December, above the mark of 50 dollars.At the tender price of barrels of oil futures contracts with delivery in January rose during the bidding process to 50.05 dollars. This is the highest rate since the first of December. Price barrel of North Sea oil mixture brand Brent Crude Oil on the London Stock Exchange ISE (InterContinental Exchange Futures) during the bidding rose to 49.96 dollars. Price increases linked to the expectations of investors about the decline of the Organization – Petroleum Exporting production. It is expected that the decision of the OPEC will Dec. 17 at its regular meeting. This year, OPEC has twice reduced the quota for oil production – in September and October. How it planned to reduce production, the head of the cartel Shakib Helil not reported, however, he said, OPEC a consensus on substantial reduction of production . Recall by mid-2008 price of barrel of oil reached a record 147 dollars. However, because of the financial crisis, which caused decreased demand for commodities, in December the cost of oil on world markets fell below 45 dollars a barrel.
