Brent oil prices rose moderately , while rising above $ 108 per barrel, while the price of WTI fell slightly . Influenced the course of trading yesterday's data on oil reserves in the U.S. , as well as today's decision by the ECB's rates.

Experts point out that the European Central Bank adopted measures to support the economy of Europe were received by participants of the oil market as a sign of weakness of the European market . ECB on the results of the May meeting cut its benchmark interest rate on loans from 0.25 % to 0.15 % per annum, and for the first time in the history of the deposit rate dropped to a negative level (- 0.1%). During the press conference after the meeting M.Dragi said that the ECB will hold several rounds of programs target long-term lending (TLTRO) at a fixed interest rate, and reported on the preparations for the quantitative easing .

"The fact that the ECB has decided to establish a negative rate , says the fear of the bank's management about the risks of deflation in the euro area , which allows to predict weak demand for commodities in Europe - said partner John Kilduff Again Capital . - Also in the next two days will be a series of meetings of senior officials of Russia and the West, which may lead to the reduction of tension in Ukraine. "

In addition, investors follow the course of meetings of the leaders of Russia and the West in Paris as part of celebrations marking the 60th anniversary of the Allied landings in Normandy. It is expected that the negotiations will be discussed Ukrainian crisis and ways of its resolution .

Recall also that the volume of distillates in the U.S. rose for the previous week by 2 million barrels , gasoline - by 210 thousand barrels. Oil stocks fell by 3.43 million barrels , while remaining at a level close to the maximum since 1982, recorded in April of this year .

"The market is composed picture, favoring " bearish " trend, due to the growth of hydrocarbon reserves as a whole - the analyst said BNP Paribas Harry Chilingiryan . - Can still be a short-term correction quotations WTI, during which they may fall below $ 100 per barrel ."

The cost of the July futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to $ 102.52 a barrel on the New York Mercantile Exchange (NYMEX).

July futures price for North Sea Brent crude oil mixture rose 22 cents to $ 108.40 a barrel on the London exchange ICE Futures Europe.