World oil prices continue to decline in anticipation of the publication of the data about fuel stocks in the U.S. market, which can show another increase – to a new record in 80 years, according to Bloomberg.
The cost of the June futures for Brent crude on London’s ICE Futures exchange to 8.00 GMT decreased by 0.2% to 37,62 dollars per barrel. Futures price for WTI crude oil for may in electronic trading on the new York Mercantile exchange (NYMEX) decreased by this time by 0.4% to 35,57 dollars per barrel, reports “Finmarket”.
At the end of trading on 4 April, the price of the June contract for Brent crude on the ICE stock exchange in London fell by 0.98 per dollar (2,53%) to 37,69 dollars per barrel.
The may futures of WTI on the new York Mercantile exchange NYMEX fell by 1.09 per dollar (2,96%) 35,70 USD per barrel. The June contract fell by 1.17 dollar (3,06%) – to 37,03 dollars.
Over the past two days oil on the world market fell nearly 7% amid doubts of market participants in the effectiveness of the agreements with oil-producing countries to freeze production and the continued imbalance of supply and demand.
