Today, may 22, according to 6:45 GMT, the price of the futures on Brent crude oil with delivery in July 2020 on London exchange ICE fell by almost 6% and reached 33.94 USD per barrel. This is slightly below the level of the opening of trading on may 20, when the price of Brent ranged from 34 to 35 dollars.
the futures Price of WTI crude oil is reduced by 7.58% and is at the level of 31.35 per barrel.
Analysts note that the cost of oil prices is unlikely stabiliziruemost, until there is certainty in two important ways that have a major impact on today’s oil market, accurate estimation of the reserves of the major producing countries and expectations of lifting the restrictions imposed because of the coronavirus, and as a result, the recovery of demand for fuel.
As previously reported, the price of July futures for North sea petroleum mix of mark Brent have grown on may 20-21, after the data is US Department of energy showed that oil stocks in the country fell, easing market anxiety about oversupply. At the same time, July WTI oil futures at the beginning of trading on may 21 fell by 6.13% to of 31.84 per barrel.
