Crude oil futures price for North Sea oil mixture of Brent grew by 1.32%, to $60.84 a barrel.
World oil prices rose Friday amid investors’ fear of possible disruptions of gas supplies to Europe and reports that Statoil shuttered one of its platform in the North Sea, data showed.
As of 6:55 MSK, crude oil futures price for North Sea oil mixture of Brent had risen by 1.32% to $60.84 a barrel. The futures price for oil of WTI in April grew by 1.45% to $48.97 a barrel.
Oil prices are also propped up by renewed threats of a gas supply cessation from Russia into Ukraine. Russian President Vladimir Putin claimed Wednesday Russia will cut gas supplies to Ukraine without advance payment for future deliveries. If the deliveries were cut, Ukraine would only have enough to suffice for three days. Moreover, this situation poses a threat to transit to Europe. Russian and Ukrainian gas officials are set to meet in Brussels on Monday to discuss the situation.
Later on Friday, February 27, 21:00 MSK, American oilfield services company Baker Hughes will announce data on drilling rig counts in the US. Their weekly results decreased by 3.5%, to 1,310. Year on year, the number of rigs reduced by 26%, or by 461 units. According to reports, the amount of drilling rigs is likely to decline again.
