World oil prices have increased decline

Мировые цены на нефть усилили снижение

The price of “black gold” of Brent crude stayed below $ 47 per barrel.

Oil prices show a sharp decline during volatile session on Friday, ending the week in the red.

Thus, the cost of the September futures for Brent crude on London’s ICE Futures exchange 20:20 in Kiev fell to $1,41 (2,93%) to $46,70 per barrel.

Futures price for WTI crude oil for August for trading on the new York Mercantile exchange (NYMEX) decreased by this time at $1.32 (2,90%) to $44,20 per barrel.

Earlier in the trading of oil was partially won back falling on the WSJ news that OPEC is considering imposing restrictions on mining for Nigeria and Libya.

These two countries were exempt from the transaction to reduce oil production by OPEC and non-OPEC. Because of this they substantially increased the production of fuels: in particular, in Libya, production exceeded 1 million barrels per day, the highest in four years.

USA is also increasing production for the week ended 30 June, oil production in the States increased by 88 thousand b/d, to 9,338 million b/d.

On Friday, investors ‘ attention will also be directed to report oilfield services company Baker Hughes about changing the number of active oil-producing plants. Last week the figure dropped for the first time in 24 weeks and this is the second time this year.

As reported Корреспондент.netat the end of 2016 amid falling oil prices collapsed foreign exchange reserves of the exporting countries. Among the most affected States was Russia, foreign exchange reserves which fell by 35%.

According to the materials: