Oil fell to $ 48

Нефть подешевела до 48 долларов

The price of oil is declining due to growth of stocks in the United States.

Oil prices fall on Wednesday, June 14, the signals of the second consecutive week growth of stocks of fuel in the United States. Thus, the cost of July futures for Brent crude on London’s ICE Futures exchange to 8.03 in Kiev has decreased on 0,86% – to $48,30 per barrel. Futures price for WTI crude oil for June on the electronic trading on the new York Mercantile exchange (NYMEX) decreased by this time by 1.03% to us $i.e. 45.98 per barrel.

On the eve of the American petroleum Institute (API) collects data on a voluntary basis, reported an increase of oil reserves in the U.S. last week by 2.75 million barrels and an increase in reserves of gasoline by 1.79 million barrels. The official data of the Ministry of energy will be released today at 17.30 in Kiev.

Note, the Finance Ministry expects the oil price to fall to $ 40 per barrel after the termination of the OPEC on reduction of oil production.

In turn, the Shell company predicts the price of oil this year at 50 dollars per barrel or even lower.

According to the materials: