Oil slips on US data

Нефть дешевеет на данных из США

The market expects a decline in oil reserves in the United States

Brent trading slightly above $ 48.

The world prices for oil on Tuesday, may 24, reduced expectations data on stocks of fuel in the United States from the American petroleum Institute (API).

Thus, the cost of July futures for Brent crude on the London ICE Futures exchange to 7.55 in Kiev has decreased on 0,5% – to 48,11 dollars per barrel. Quotes contracts for oil WTI with delivery in July fell on the new York Mercantile exchange (NYMEX) by 0.4% to $ 47.89 a barrel.

Experts interviewed by Bloomberg, believe that official statistics show a decline of oil reserves in the U.S. for the week ended may 20, at 2 million barrels. Analysts attributed its forecast decreased demand for energy sources and the preparation of the States for the summer season.

We will remind, last week the supply disruptions from North America and Africa lifted oil prices to almost $ 50 per barrel. However, as the recovery of production in these regions, the news about the production growth in Iran, the market returned to fears that a surplus of fuel will remain for a long time.

As reported Корреспондент.net, the price of oil 23 may declined amid news about a recovery of production in Canada and further growth of production of raw materials in Iran.


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According to the materials:

RIA Novosti