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Oil fell in anticipation of US data

Нефть подешевела в ожидании данных из США

World oil prices are weakly reduced Tuesday to the weekly statistics on the level of fuel in the U.S. market.

June futures for Brent crude on London’s ICE Futures exchange at 8: 00 Moscow time has decreased on 0,3% – to 42,69 dollars per barrel, reports “Interfax”.

Quotes of WTI oil futures for may to trading on the new York Mercantile exchange (NYMEX) by this time, fell 0.3% to 40,24 per barrel.

In Monday trading, the price of Brent crude oil exceeded $ 43 per barrel for the first time since the beginning of the year.

Last week the U.S. Department of energy reported that oil production in the country decreased by 14 thousand barrels per day, up to 9,01 million barrels per day, while inventories in the country fell to 4,94 million barrels.

In addition, last Friday, oil prices rose amid expectations of a meeting in Doha.

April 5, the official representative of Kuwait to OPEC, Nawal Fuzaia said that oil producing countries following the meeting in Doha April 17, may freeze the production of black gold to the level of February. According to the representative of Kuwait, the oil producers may agree to freezing and without the participation in negotiations of Iran because they have no other choice.

The deal to freeze production will push the price of black gold up, with the consequence that the market can return to balance in the second half of 2016, while oil prices will end the year at 45 to 60 dollars per barrel, according to Fusia.

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