Oil prices rise after news from Russia

Oil prices on the fuel exchange in New York rose 0.7 percent in response to information that discussions in Russia continue to maintain lower volumes of supplies in the second half of 2017, according to brokers.

West Texas Intermediate crude oil shipments in May on the NYMEX Fuel Exchange in New York traded at $ 52.62 a barrel, after increasing 38 cents, or 0.7 percent. Brent for fuel delivery in June on the ICE Futures Europe stock exchange in London rose 28 cents, or 0.5 percent, to $ 55.52 a barrel.

Since the beginning of January, oil supplies to the world fuel markets have continued to decline. Production of raw materials from OPEC and non-cartel countries is below 1.8 million barrels of oil per day.

Such measures are associated with the Treaty on the reduction of oil supplies by the cartel during the first six months of 2017, however, this period may be extended in the second half of the year. The decision must be made at the May meeting of the cartel.

In addition, raw materials rose 3.2 percent in the US last week, driven by the reaction to an attack on a base in Syria.