Oil again began to fall

Moscow. January 28. Oil prices go down on Thursday amid persisting oversupply of raw materials on the market.

The price of the March futures on the mark Brent on London’s ICE Futures exchange by 7:50 Moscow time fell by 1% to us $32,77 per barrel.

The contract prices for mark WTI for March trading on the new York Mercantile exchange (NYMEX) by this time lost 1.3% and amounted to $31,87 per barrel.

This week’s release of the report, the U.S. Department of energy indicated a rise in commodity stocks of oil in the country to record over 85 years.

Meanwhile, the heads of Russian oil companies expressed support Wednesday for the negotiations with Saudi Arabia to increase oil prices. “In my opinion, very constructive meeting was held. There were many good ideas voiced, in particular, there was a talk about the price of oil, and what steps we should collectively take to change the situation for the best, including negotiations, as part of OPEC, and bilateral options,” – told reporters the head of “Transneft” Nikolay Tokarev, commenting on the results of a meeting of oil companies with the head of the Russian Ministry of energy Alexander Novak.

At the same time earlier Alexander Novak said that the Russian NC in 2016 do not plan to cut oil production despite low prices. He noted that “it is unlikely that all countries within OPEC agreed to cut production, not to mention countries outside the OPEC coalition”.