Oil rises in price on expectations of the extension of the agreement on limitation of oil production. The price of Brent crude oil is actively growing on Monday, May 15, and exceeded $ 52 a barrel for the first time in two weeks on expectations of an extension of the agreement on oil production limitation. July futures for Brent crude on the London Stock Exchange ICE Futures rose by $ 1.

20 - to $ 52.04 per barrel. The price of WTI futures for June on electronic trading in the New York Mercantile Exchange (NYMEX) increased by $ 1.09 to $ 48.93 per barrel. Earlier it was reported that Saudi Arabia and Russia are ready to extend the agreement of OPEC and non-OPEC countries on the reduction of oil production for another nine months - until the end of March 2018.

Original article: Brent oil traded above 52 dollars for the first time in two weeks.