The cost of a barrel of Brent fell below $ 70
Brent crude prices are falling sluggishly after rising to highs since November during trading on Thursday, April 18. The cost of the North American variety WTI at the same time slightly increases.
The market is "digesting" data on the eve of the US Department of Energy data about a sharp increase in the country's oil reserves. According to the US Department of Energy, oil reserves in the country for the week ended March 29, increased by 7.24 million barrels and reached 449.52 million barrels. The forecasts of analysts polled by S & P Global Platts suggested a reduction of 500 thousand barrels.
Thus, the June futures for Brent crude on the London Stock Exchange ICE Futures fell to 71.58 dollars per barrel. The previous day, their price fell below $ 70 per barrel.
WTI crude oil futures for May on the New York Mercantile Exchange (NYMEX) rose to $ 63.77 per barrel. At the end of the last session, their price decreased to 62.46 dollars.