World oil prices continue to decline because of growing doubts of market participants in the willingness of oil-producing countries to agree on the freezing of production.
The price of the June contract for Brent crude on London’s ICE Futures exchange to 7.31 MSK fell by 0.42 per dollar (by 1,1%) to 38,25 USD per barrel. The quotation of futures for oil WTI with delivery in may to 7.50 MSK fell to 0.46 dollar (1,25%) – to 36,33 dollars per barrel, reports “Finmarket”.
By results of trades on April 1 the price of the June contract for Brent crude on the ICE stock exchange in London has decreased on 1,66 dollar (4,1%) to 38,67 dollar per barrel.
The may futures of WTI on the new York Mercantile exchange NYMEX fell by 1.55 dollar (4%) and amounted to $ 36,79 $ per barrel. The June contract is $ 38,20 USD.
Oil prices on Friday have decreased on the statement of Saudi Arabia that the country will freeze production only if other major producers, including Iran, will join the decision.
