The price of oil fell below 77 dollars

Цена на нефть опустилась ниже 77 долларов

In the USA 1045 rigs

Prices are down on forecasts of a gradual increase in the levels of oil extraction in Russia and OPEC countries and the increase in the number of drilling rigs in the United States.

World oil prices began to decline after record growth last week. This is evidenced by the operational data of trading on Monday morning, may 14.

So, the price of July futures for North sea Brent crude on London’s ICE Futures exchange at 9:40 in Kiev decreased by $0,46 (0,60%) – to $76,66 per barrel.

The cost of June futures for WTI crude in electronic trading on the new York Mercantile exchange (NYMEX) decreased by $0,36 (0,51%) – to $70,34 per barrel.

Analysts say that prices are down on forecasts of a gradual increase in the levels of oil extraction in Russia and OPEC countries in the face of new U.S. sanctions in respect of Iran.

Also, a new U.S. oil and gas service company Baker Hughes growth in the number of drilling rigs in the United States. So, for the past week the number of rigs drilling for oil in America increased by 13 units, or 1.3%, to 1045 units. It shows the development of drilling activity in the country and a steady increase in oil production.

Recall, Bank of America predicts a rapid increase in oil prices. The cost of “black gold” may rise to $ 100 per barrel because of the possible extension of the agreement by OPEC regarding production cuts and US sanctions against Iran.

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