World oil prices in the course of trading on Tuesday went down in anticipation of the publication of the data about fuel stocks in the U.S. market, which, according to analysts, can again show growth.
May futures for Brent crude on London’s ICE Futures exchange to 7.55 MSK fell by 0.7% up to 39,98 USD per barrel. Quotes of WTI oil futures for may on the new York Mercantile exchange (NYMEX) to a specified time dropped by 0.6% to 39,14 USD per barrel, reports “Finmarket”.
At the end of trading on March 28, the price of the may contract for Brent crude on the ICE stock exchange in London fell by 0.17 dollar (-0,42%) to 40,27 USD per barrel.
The may futures of WTI on the new York Mercantile exchange NYMEX lost $ 0.07 (-0,18%) 39,39 USD per barrel.
Occurred since the beginning of February, a 50 percent increase in oil prices was not accompanied by improvement in market fundamentals. Many investors believe that prices can fall below $ 40 as it is yet to see the improvement in the balance of supply and demand in the market.
“Likely, the bidding will continue within a narrow range around $ 40 a barrel plus or minus a dollar or two up until next month in Doha not held a meeting of the world’s largest oil producers”, – said Vice-President of IHS Inc. APR Victor a Noise.
At the April meeting in Doha oil-producing countries are expected to discuss measures to support the market, including maintaining production at the current level.
