Oil prices turned to decline after growth on the eve on the background of the concerns of market participants with the outcome of the forthcoming referendum on UK membership in the European Union.
Quotation of the August futures for Brent crude on London’s ICE Futures exchange at 7:55 Moscow time has decreased on 0,5% to $50,40 per barrel.
The value of contracts for WTI crude oil for July in electronic trading on the new York Mercantile exchange dropped by this time by 0.4% to $49,16 per barrel.
Gold prices fall by nearly 0.5% to $1285 an ounce. Before the price of gold fell by 1.5% in connection with the results of public opinion polls that indicate the probability of victory in the referendum supporters of continued membership of the EU.
The oil market awaits the publication of the next data on stocks of raw materials. The Minister of oil of Iran Bijan Namdar Zanganeh said that Iran will increase oil production even if prices fall to $20 per barrel, reported the news Agency Mehr. Marathon plans to increase drilling.
