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Oil prices went down during Friday trading



Prices for benchmark crude oil went down during trading, while since the beginning of this week they have added more than 6%. The cost of June futures for Brent oil on the London stock exchange ICE Futures by 14:35 Moscow time was $ 66.89 per barrel, which is $ 0.05 (0.07%) below the price at the close of the previous session. The price of futures for WTI crude oil for May in electronic trading on the New York Mercantile Exchange (NYMEX) by that time was $ 63.33 per barrel, which is $ 0.13 (0.2%) below the level at the close of the previous session. The rise in oil prices this week was also helped by higher demand forecasts of the International Energy Agency (IEA) and OPEC for 2021. The US Department of Energy, in turn, announced a decrease in oil reserves in the country last week by 5.89 million barrels. At the same time, optimism about the economic recovery has been constrained by the protracted fight against the coronavirus in key oil-consuming countries. In Italy, France, Germany and a number of other European countries, lockdowns persist, while in India on Thursday another record increase in cases of infection was recorded – by more than 217 thousand. Source: FINMARKET.RU

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