23:35 GMT +319 October 2018
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    Oil prices rise on expectations of G20 news

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    International oil prices rose on Friday on expectations that the summit of G20 finance ministers and central bankers on Friday will help find a solution to the European debt crisis.

    International oil prices rose on Friday on expectations that the summit of G20 finance ministers and central bankers on Friday will help find a solution to the European debt crisis.

    November WTI futures gained 1.29 percent to $85.32 per barrel by 14:46 Moscow time.  November Brent futures rose 1.42 percent to $112.69 per barrel.

    The G20 meeting is to prepare the EU summit scheduled for October 23, where measures are to be announced for dealing with the European debt crisis, expanding the European Financial Stability Facility (EFSF), and the recapitalization of banks andthe bailout for Greece.



    A Financial Times report that Brazil, Russia, India and China are working on ways to contribute money to rapidly expand the effective funds of the International Monetary Fund to help the euro zone crisis also had an impact on trade.


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