Brent fell below $49 a barrel

Moscow. May 4. INTERFAX.RU – oil Prices continue to refresh the lows for 5 months on concerns that production growth in the United States negates the efforts of OPEC to limit production and excess supply in the market will not disappear.

The contract for Brent crude oil for July delivery on the London ICE Futures exchange to 18:30 Moscow time fell by $1,69 (3,33%) to $49,1 per barrel.

The cost of the futures on WTI crude oil for June trading on the new York Mercantile exchange (NYMEX) decreased by this time $1,64 (3,43%) – to $of 46.18 per barrel.

Earlier, Brent fell to $48,92 per barrel, WTI – up to $46,04 per barrel, updating the lows from November 30, 2016, when OPEC announced the signing of an agreement to limit production.