Oil traded below $ 50

Нефть торгуется ниже 50 долларов

The price of WTI fell up to 47.17 dollars per barrel.

The price of oil continues to decline, according to the auction. So, as of 8: 15 am Tuesday, 6 June, futures for Brent crude with August delivery fell 0.44% to $ 49.25 a barrel.

The price of July futures on WTI fell up to 47.17 dollars per barrel, losing 0.49 percent.

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.

We will remind, on may 25 at a meeting in Vienna, OPEC members agreed to extend the agreement to reduce oil production in the nine months to the end of the first quarter of 2018.

The experts noted that the recent OPEC decision will lead to the fact that the main factors influencing the global oil market will be data on reserves and production in the United States.