Oil prices go down on Monday amid stronger dollar, as well as after the publication of data on the growth in the number of working drilling rigs in the U.S. that may be a sign that the expected significant reduction in raw material extraction in America may not happen.
Quote of may futures on the mark Brent on London’s ICE Futures exchange to 08.00 Moscow time has decreased on 0,7% – to 40,90 USD per barrel.
The contract prices for mark WTI for April in electronic trading on the new York Mercantile exchange (NYMEX) by this time, fell by 1.4% to 38,88 USD per barrel, reports “Interfax” with reference to Bloomberg.
Earlier, Minister of energy of Russia Alexander Novak declared that considers inexpedient to increase in oil prices above $ 50-60 per barrel, as this may result in the return of investment in inefficient projects and, as consequence, will lead to excess supply in the market.
Meeting of oil-producing countries will be held on 17 April in Doha.
On 11 March, the International energy Agency (IEA) released a report stating that international crude oil prices have hit bottom.
