North Sea oil at over 50 dollars a barrel

North SeaNorth


At Thursday the price for a barrel of North Sea oil was once more at more than 50 dollars.

The price of oil for delivery in July passed $ 50 o’clock 3:27 at night and then stayed a few cents above the psychologically important threshold.
Oil prices had crept up toward $ 50 on late Wednesday, but was still a little bit below the closing price at midnight. The clock 2 continued trade fairly flat, but a little after three o’clock the price finallly reached the 50-dollar threshold. Thereafter, it stayed at about 50-dollar for a while, but it remains to be seen whether it will now stabilize at or above 50 dollars a barrel.
There is little that separates the price of North Sea oil and US light crude oil right now, but the price of US oil is around 20 cents lower.
The last time North Sea oil traded at above $ 50 a barrel was on November 3 last year.


Source: NTB scanpix / Norway Today