World oil prices fell below $73

Мировые цены на нефть упали ниже $73

Brent crude in London fell $1,92 and the price of WTI in new York fell $1.09 zone.

The world prices for oil reference marks continues to fall. This according to the auction on Wednesday evening, August 1.

So, the September futures price for North sea Brent crude on London exchange ICE Futures at 22:10 in Kyiv fell by $1,92 (2,59%) – to $72,29 per barrel.

In turn, the price of oil WTI with delivery in September in electronic trading on the new York Mercantile exchange (NYMEX) decreased by $1,09 (1,59%) to $67,67 in the barrel.

Oil drops on increase in US inventories last week. According to the Ministry of energy of the country, they rose by 3.8 million barrels to 408,74 million against the forecast decline of 2.8 million barrels.

Experts also noted that the market pressure trade friction between the US and China, contributing to the General economic slowdown.

On the eve of the price of “black gold” began to decline due to concerns related to increased supply and reduced concerns of Iranian oil.

We will remind, on Monday, July 30, the price of oil is actively growing. While WTI rose in price at a record pace during the month due to growing fears of disruptions in supply of fuel.

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