Oil prices fell to two-week low

Цены на нефть упали до двухнедельного минимума

Oil prices fell

Oil is rapidly getting cheaper in the US.

World oil prices in electronic trading on the London and new York stock exchanges fell on Wednesday, August 31. This according to the auction, reports Bloomberg.

On London’s ICE Futures exchange futures for Brent crude oil with delivery in October to 07:30 Moscow time has fallen on 0,04% up to $48,35. At the close of the previous session showed $48,37.

Futures on light crude oil WTI on the new York Mercantile exchange (NYMEX) by this time has lowered in price by 0.06 percent, reaching $46,32 per barrel. In the previous session, it cost $of 46.35.

The last time these quotes were recorded in mid-August.

According to analysts, oil has fallen in price before the report of the government of the USA about stocks of oil and the dollar strengthening. According to forecasts, the reserves of oil in the US rose 1.3 million barrels last week. The dollar also rose to its highest in more than three weeks increased.

One of the factors of growth also remains Iran, which seeks to increase oil production to 4 million barrels per day by the end of 2016.

Earlier it was reported that Iraq is ready to supply oil through Iran.