Oljeaksjene whizzes up on the Oslo stock Exchange

(Obi.no:) the Sharp rise in oil prices and the "cease-fire" in the handelskrigen between the united STATES and China lifts the mood on the Oslo stock Exchange.

After nearly 25 minutes of trading is the main index in 879,49, up 2.15 the per cent, and it is so far the traded shares for 654 million.

oil prices

Brent oil is on Monday morning up 4,76 percent to 62,29 dollars a barrel, while WTI-oil rises 5,01 per cent to 53,48 per barrel.

in comparison, a barrel Nordsjøolje traded for 58,22 per barrel by the close of business in Oslo on Friday.

the oil price has thus strengthened sharply over the weekend, and is up over 4 dollars per barrel.

Expectations that a decision produksjonskutt on the Opec meeting at the end of the week, "cease-fire" in the handelskrigen between the united STATES and China, as well as produksjonskutt in Alberta in Canada, helps according to the TDN Directly to the recovery.

Saudi Arabia and Russia were at the weekend agreed to extend the current Opec/non-Opec cooperation beyond the original agreement, which expires at new year, but the two parties have not yet confirmed any new produksjonskutt.

See also: the price of oil popping up on the agreement between the Russian federation and Saudi-Arabia

See also: Have oil prices bottomed out?

See also: Expect a oljebullish cooperation

Still expect analysts according to TDN I thought that it will get a cut, and according to Reuters, it is expected that this will be on 1-1,4 million barrels per day, compared with produksjonsnivåene in October.

"the Expectation is a coordinated cut in order to reduce a market with overtilbud and to adapt to slower growth in demand," writes the analysts at Fitch Solutions, according to the news.

UOB Bank writes in an update that "there are increased expectations to consensus on certain produksjonskutt between Russia and Opec 6. December", according to the TDN Directly.

the united STATES and China during this weekend's G20 meeting agreed to not touch the customs duty rates of up to 90 days to allow for handelsdialog.

Morgan Stanley believes that this came as a surprise.

"our Agreement to continue the talks in 90 days where the tariffs will be put on hold is a "oppsideoverraskelse"", write the analysts in an update, according to the TDN Directly.

Furthermore, writing the investment firm that they see "a small opside on the growth prospects for 2019".

See also: G20 came in the shadow of G2

Otherwise supported oil prices, according to the news of the news that the canadian province of Alberta from 1. January will force oil producers to a cut of 8.7 per cent, the equivalent of 325.000 barrels a day, to deal with the bottlenecks that have led to the build-up in the råoljelagre. Most of the oil produced in Alberta is exported to the united STATES.

Equinor rises 3,69 percent to 207,90 money. Aker BP is up 5.75% to 257,60 money, and DNO climbs 5,37% to 15,21 money.

Drill Drilling is up 6,67 percent to 28,80 money. Subsea 7 is strengthened, and 5,04 per cent to 97,20 money, TGS is up 5,29 per cent to 253,00 money, and PGS climbs 6,15 per cent of 19,50 kronor.

Fresh guiding

One of the few shares to fall on Monday morning is Nordic Semiconductor, which has released a fresh guiding.

According to the message waiting company now revenues in the second half of the year 2018 at about 140 million dollars, and a bluetooth-growth of 5-7 per cent. The company has previously guided to a revenue in the lower part of the interval 150-160 million dollars and a bluetooth-growth of 20-25 per cent.

the News sends the stock down 10,86 per cent to 34,05 million.

other financial news:
This explains the jump in oil prices,
IT shares in a free fall