• Oil down moderatly so far

Market news

11 July 2016

Oil down moderatly so far

This morning, New York crude oil futures for WTI fell 0.66% to $ 45.11 per barrel. At the same time, Brent oil futures were down 0.56% to $ 46.50 per barrel. Thus, the black gold is decreases, against the background of slowing fuel demand in the Asian market, and weekly data on the number of drilling rigs in the United States. Baker Hugers reported an increase in the number of workers in the United States oil rigs. The total number of the world's working drilling also increased in June compared to May. Iran has also lowered its oil prices in the Asian market as compared to the previous month due to lower demand from refineries in the region.

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