The increase in oil prices may cause the rising prices of energy crops

2017-11-07 12:28:13
Machine translation
The increase in oil prices may cause the rising prices of energy crops

Quotes of Brent oil has increased since the previous auction closing 3% and for the first time in nearly 2.5 years crossed the mark 64 dollars/barrel.

 

Such a price surge is associated with the arrests of princes in Saudi Arabia, in particular, and member of the Board oil Corporation Saudi Aramco. Experts believe that a series of arrests will strengthen the power of the crown Prince Mohammed bin Salman, who has a policy of reducing quotas of OPEC.

 

Following the increase in oil prices increased the prices of oilseeds in Chicago.

 

Soybean oil rose 1.2% to 766 $/t, and soybeans fell 0.5% to 365,6 $/t

 

February futures on rapeseed on Euronext rose 2.5 €/t to 382,25 €/t or 443,68 $/t