This morning the New York futures for Brent are down 0.19% to $ 51.56 and WTI fell 0.20% to $ 54.35 per barrel. Thus, the black gold is traded lower on the background of drilling rigs growth in the United States, which excited the market because of concerns that the production cuts agreed by OPEC countries and Russia, may not be as significant as previously expected.

As shown by Baker Hughes data on Friday the number of rigs in the US increased by 3. After the low of May 27 manufacturers increased the number of drilling rigs in the United States at 161 (plus 51 percent).