The price of a barrel of oil remains at 50 dollars
crude oil Prices on Monday fell slightly. The news about the number of drilling rigs in the United States tenth consecutive week pushing the market higher for negotiations of oil producers.
- In London on the ICE Futures may futures price of Brent crude fell to 0.05 $ (0.10 percent) to 50,75 $/barrel.
- In new York on the NYMEX April WTI crude oil futures fell 0.14 $ (0.29 percent) to 47.83 $/barrel.
the previous week, WTI fell by 1.7%, Brent - 1.9%.
oil Production in the US has returned to the record levels of February of last year at 9.1 million barrels per day. In the last week the number of drilling rigs in use in the United States increased by 21 percent to 652 units, the highest since 11 September 2015. The total number of drilling rigs in the US increased by 20 to 809 units.
Commercial oil stocks in the U.S. rose to 4,954 million to 533,11 million barrels.
this weekend at a meeting in Kuwait, the Committee for monitoring agreements on the reduction of oil production has postponed the decision on prolongation of the contract for the next six months. Experts promise to may to consider the recommendations of all parties to the transaction.
the Agreement between members and not members of the OPEC on reduction of oil production is efficient. Most countries have either exceeded the plan, or in the coming days will be the targets.
OPEC Secretary General Mohammed Barkindo that participated in the meeting, said that oil stocks in OECD countries today at 282 million barrels higher than the average 5-year average.
the Decline in oil prices puts pressure on markets for energy crops. On the stock exchange in Chicago soybeans during the week fell from 367 $/ton to 357 $/ton for may deliveries.