By the end of the week the markets are closed small downside in oil prices in the reference varieties. 4.5% cheaper Brent and WTI. The drop in prices was influenced by the fear that the wound gives a surplus of oil. Also, these fears were reinforced by the information that drilling rigs in the United States became more. This means that Americans increased oil production. Earlier, Brent fell below only on may 11 of this year.
Now, however, Brent began to strengthen in price and in recent days lost in the price of just 0.77%.
According to oilfield services company Baker Hughes, the number of active drilling rigs in the US increased for the seventh consecutive week. The number of drilling rigs increased by 15, and the oil installations was 14 more.
Also, some experts claim that the fall in oil prices involved in Iraq, which for the first time in two months increased the activity of production of “black gold”.