Brent crude oil fell to the lowest since April – Interfax

Moscow. July 28th. INTERFAX.RU – Oil prices on Thursday fell to a minimum of three months on the signals of fuel reserves growth in the world, quotes the nearest contract for Brent fell below 43 dollars a barrel for the first time since April 20,

The cost of the September futures. Brent crude on London’s ICE Futures exchange to 17:46 Moscow time fell $ 0.51 (1.17%) – up to $ 42.96 per barrel. Bidding for this contract completed on Friday. More actively traded Brent for October delivery fell 0.8% to $ 43.57 per barrel.

The price of WTI crude oil futures for September in electronic trading on the New York Mercantile Exchange (NYMEX) decreased to this time for $ 0.54 (1.29%) -. to $ 41.38 per barrel

Iran is in talks with Exxon Mobil Corp. and PetroChina Co. about the development of two oil fields in the south. Until the end of 2016, Tehran intends to hold production at around 4.8 million barrels per day, said the deputy minister of oil of Iran Fayyad Al-Nima.

On the eve of the US Department of Energy reported that oil reserves in the country last week rose 1.67 million barrels, while gasoline reserves increased by 452 thousand. barrels. Interviewed S & amp; P Platts experts expected, on the contrary, reduce the oil by 2.6 million barrels, gasoline – 700 thousand barrels

It is noted that gasoline reserves in the US are growing at the height of the summer driving season, which.. very unusual for this time of year, especially given the fact that the consumption of fuel by motorists is at the highest level in decades.

Stocks at the terminal in Cushing, where oil traded on NYMEX is stored, increased to 65.2 million barrels.

in addition, the oil production in the US grew at the end of the third week in a row, to 8.52 million barrels per day.

Meanwhile, Goldman Sachs analysts have pointed out that the main negative factor to become a non-oil market over the fuel and the strengthening of the US dollar. The US currency rises in price on expectations of further divergence in the direction of monetary policy between the United States and other major economies of the world, if the Fed, on the expectations of many experts, will raise its key interest rate until the end of the year, the central banks of Britain, Japan and the euro zone may soon announce the expansion of stimulus measures.