The price of Brent crude oil fell below $ 43 per barrel for the first time since April 20, 2016. According to 12:50 Moscow time, a barrel of standard grade gave 42,99 USD. This is evidenced by data the London exchange ICE.
Oil continues to become cheaper after the publication of official data on commercial stocks in the United States. For the week 15 to 22 July, they increased by 1.6 million barrels to 521,1 million barrels.
Earlier, on July 25, experts of investment Bank Morgan Stanley said that oil prices until mid-2017, will be limited in growth, but then can increase to $ 70-80 per barrel.
On 21 July it was reported that Russian oil production in may rose to 10.46 million barrels per day, thereby overtaking production in Saudi Arabia.
In the first half of July, the OPEC countries, including Saudi Arabia increased its oil production to its highest level since 2008. The cartel produces of 32.73 million barrels a day.
