Oil brand Brent during trading on Wednesday, July 13, lost in the value of more than 5%. At a minimum the cost of a barrel of Brent was $ 46,12
The cost of North Sea Brent in the course of trading on the London Stock Exchange ICE on Wednesday, July 13 lost 5.05% over the opening c indicators, according to data exchange.
The fall of quotations began around 17:30 MSK. Approximately H of the barrel of Brent has fallen by more than $ 1.5. At a minimum at 21:13 MSK barrel of Brent cost $ 46.12, while the opening of trading per barrel of Brent cost $ 48.07. By 21:40 MSK she began to trade at $ 46.3 per barrel.
WTI cost at the same time fell in trading today by 4.04%. At a minimum, at 21:00 MSK, it cost $ 44.06 per barrel.
As noted by The Wall Street Journal, the decline in oil prices takes place, in particular, against the backdrop of the Energy Information Administration data (EIA) , which showed that the total volume of production in the US crude oil last week rose slightly, as an increase in production in Alaska exceeded the decline in production in the lower 48 states.
Traders are closely watching the US manufacturing data that can serve as a primary indicator, while globally against oil supplies declining, notes WSJ.
Earlier, the International energy agency (IEA) in its monthly report said that crude oil and petroleum products inventories in developed countries reached a record high in late May, and is likely to rise again in June. “The tone of the IEA report, of course, is very negative,” – said the publication of Deutsche Bank analyst Michael Xue.
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