Oil prices fell below $ 40 per barrel
The prices of petroleum products on Thursday morning continue to decline on the background of the spread of coronavirus in the world and increase supplies of raw materials in USA, inform the auction.
position 8. 25 Moscow time the cost of the August futures for North sea petroleum mix of mark Brent fell to 0, 79% To 39, 98 dollars per barrel. August futures for petroleum of mark WTI dropping to 0 63% To 37, 77 dollars per barrel.
on Wednesday the price of oil has fallen by more than 5%. On Thursday the decrease continues at the background of increasing US stocks To another record and distribution COVID-19.
on Wednesday, the US Department of energy indicated that the accumulation of oil in the country for the previous week increased by 1, 4 million barrels - up To 540, 7 million barrels, surpassing analysts ' expectations and for the third time by updating the historical record. In addition, oil production in the United States for the first time in eleven weeks increased by five hundred thousand barrels per day, up To eleven million barrels a day. Previously this figure dropped continuously since the beginning of April.
in addition, traders fear that the continued spread of the coronavirus in the world would seriously slow down the recovery of demand for fuel.
"Recent trends do not inspire confidence," - said the head of research in the primary sector of the National Australia Bank Lachlan Shaw (Lachlan Shaw), quoted by Reuters.
Current information on the situation of COVID-19 in Russia and the world presented on the portal stopmanager. Of the Russian Federation.