The price of Brent crude has fallen to $47,5

Цены на нефть марки Brent упали до $47,5

Oil prices fell because of increased production in the United States

The fall was caused by the increase in production in the United States.

Oil prices snizilis on Friday due to the increase in US production, which strengthened fears of investors caused by the previously released data on the growth of fuel production in OPEC member countries. It is reported by Interfax.

Oil production in the U.S. for the week ended June 30 increased to 9,338 million barrels per day (b/d) 9,250 million b/d a week earlier, according to the Ministry of energy of the country. In annual terms, the rise amounted to 910 million b/d, or 10.8%.

The cost of the September futures for Brent crude on London’s ICE Futures exchange was down $0,59 (1,23%) to $47,52 per barrel. Futures price for WTI crude oil for August in electronic trading on the new York Mercantile exchange (NYMEX) decreased by this time $0,60 (1,32%) – to $44,92 per barrel. By the close of market on Thursday futures for Brent rose by $0,32 (0,67%) – to $48,11 per barrel, WTI – $0.39 (0.86 percent) to $45,52 per barrel.

We will remind, earlier it was reported that in June crude oil fell below $ 46.

Foreign exchange reserves of the oil exporters has fallen