In particular, a barrel of North Sea Brent crude lost 0.43 percent, while the WTI – 0,37 percent.
World oil prices fell to four-month highs after the increase in Iraq’s crude oil exports. On London’s ICE futures exchange to 19:40 MSK price of a barrel of Brent crude for June delivery fell 1.9% to 65.56 dollars. During the bidding price of a barrel of Brent crude nearly broke the mark of $ 70 – maximum contracts were priced at $ 66.92 per barrel. Last transaction is concluded at the price of 66.50 dollars per barrel. Record pace of Iraqi oil exports, of course, have had a significant impact on the market, and it is evidence of an excess of oil in the world. These factors contributed to the fact that oil prices have collapsed. A month earlier, we recall, the state daily deliveries to foreign partners were at 2,980 million barrels.
Iran Tuesday has shipped 7 million barrels of oil, thereby setting a 10-year-old record for the volume of oil exported daily, KazTAG reports citing on the Iranian News Agency (IrTAG).
As the head of the Iranian oil terminals Pirouz Mousavi, the previous record of Iranian oil for the shipment of crude oil amounted to about 6 million barrels a day.
The OPEC not willing to cut oil production, and stocks of fuel in the US is growing. In general, since the summer of 2014, the oil has lost about half its value.
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