Brent crude fell to $48.3 per barrel on strong growth stocks in the United States


Moscow. June 14. INTERFAX.RU – oil Prices fall on Wednesday signals the second consecutive week growth of stocks of fuel in the United States.

The cost of July futures for Brent crude on the London ICE Futures exchange to 8:03 in Moscow decreased by $0,42 (0,86%) to $48,30 per barrel. By the close of market on Tuesday futures rose in price on $0,43 (0,89%) – to $48,72 per barrel.

Futures price for WTI crude oil for June on the electronic trading on the new York Mercantile exchange (NYMEX) decreased by this time $0,48 (1,03%) – to $i.e. 45.98 per barrel. The contract rose $0,38 (0,82%) – to $of 46.46 per barrel at the end of the previous session.

On the eve of the American petroleum Institute (API) collects data on a voluntary basis, reported an increase of oil reserves in the U.S. last week by 2.75 million barrels and an increase in reserves of gasoline by 1.79 million barrels.

The official data of the Ministry of energy will be released Wednesday at 17:30 Moscow time, and the experts, on average, expect that they will show a decrease of oil reserves of 2.45 million barrels, gasoline – by 1.15 million barrels.

Fuel reserves in the US, traditionally decrease in the summer months on the background of active energy consumption, and the second consecutive weekly increase can be an unpleasant surprise for the markets.

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