The world price of oil to the opening of trading on Tuesday fell more than 2.5% on the background of a gradual resumption of oil production at fields in Canada.
The cost of July futures for Brent crude on the London ICE Futures exchange to 7.55 MSK increased by 0.2% to 43.71 dollars per barrel. Futures price for WTI crude oil for June trading on the new York Mercantile exchange (NYMEX) declined to 8.10 GMT by 0.12% – to 43,39 dollars per barrel.
On Monday, oil prices fell more than 2.5%, which was caused by the gradual resumption of oil production at fields in Canada.
At the end of trading on 9 may, the price of July contract Brent crude on the ICE exchange in London decreased to 43.63 USD per barrel. The June futures WTI on the new York Mercantile exchange NYMEX made of 43.44 per barrel, the July contract is 44,03 USD per barrel.
Forest fires in Canada, which led to a drop in the production of raw materials, did not damage oil infrastructure, and oil production is starting to recover.
Also on the weekend it was reported that the number of active oil rigs dropped in the United States at 4 – to 328 units, a decline continued for the seventh week in a row, reports “Finmarket”.
At the same time, the number of bets on rising oil prices declined last week amid doubts about the validity of the recent rally in the market. Prices increased in comparison with January lows of 70% in anticipation of restoring the balance of supply and demand in the market.
