The average price of Urals oil brand of Russian export in January-March 2016 amounted to $ 31.99 per barrel. For the same period last year it reached $ 52.76 per barrel, should be from the message of the Ministry of Finance of the Russian Federation.
Thus, the annualized average Urals price decreased 1.6 times.
As the Ministry of Finance, the average price of Urals was formed in the amount of $ 36.53 per barrel, or 1.49 times lower than in March 2015 ($ 54.53 per barrel).
On Friday morning, the international price of “black gold” were down in electronic trading on the London and New York stock exchanges. For example, crude oil futures for Brent crude for May delivery on the London ICE Futures Exchange fell by 1.34% to $ 39.79 per barrel. May futures for light WTI oil on the New York Mercantile Exchange (NYMEX) slipped by 1.43% to $ 37.79 per barrel.
Oil prices on the background of data on the growth of production of this raw material in the world and an increase in fuel stocks in the US market. Earlier it was reported that the OPEC countries have increased production in the March 64 th. Barrels to 33.09 million barrels a day.
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