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Oil prices continue to fall, the price of WTI falls stronger Brent prices

Нефть продолжает дешеветь, стоимость WTI падает сильнее цены Brent

World prices for “black gold” during today’s trading continued to decline on data from the American petroleum Institute (API) about sharp growth of reserves of “black gold” in the U.S., reached a new record.

As of 13:39 Moscow time the price of may futures for North sea petroleum mix of mark Brent fell 0.9% to $36,48 per barrel. The price of April futures for WTI crude oil fell by 2.03% to $33,7 per barrel, reports RIA “Novosti”.

Previously entered data API, according to which oil reserves in the U.S. last week increased by 9.9 million barrels to 517,1 million barrels. Analysts had expected growth rate at only 3.6 million barrels.

On Wednesday, traders are waiting for statistics on stocks from the U.S. Department of energy.

According to the head of analytical Department of the company, “ANALYST Online” Gleb market pulse, “the oversupply of oil in the absence of agreement on a freeze of production will continue to put pressure on the quotations of “black gold”.

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