Today, oil prices fall after three days of growth

Today quotes "black gold" fell after three days of growth. Oil is trading at $ 75.27 per barrel a negative impact on the market have had, including data on less-than-expected increase in industrial output in China last month. Reduce the cost of crude oil on Friday, also contributes to the strengthening U.S. dollar against the euro. The price of July futures contracts for petroleum of mark WTI in electronic trading of the New York Mercantile Exchange (NYMEX) fell to $ 0.21 (0.28%) - up to $ 75.27 a barrel. The cost of Brent crude oil futures for July on London's ICE Futures Exchange on June 11 fell to $ 0.16 (0.21%) - up to $ 75.13 a barrel. Recall that yesterday should be reminded that oil prices have risen sharply. From Friday 4 June WTI crude oil prices on the NYMEX Exchange rose 4% to $ 74.38 a barrel. On the London exchange ICE Futuresrost futures prices for delivery in July Brent crude oil for the same period amounted to 3% to $ 74.27 a barrel. Prices of spot contracts for Russian Urals crude on Friday 4 June rose 1.6% to $ 71.99 a barrel. Jerk, which made a market for "black gold" of this week, due on the one hand, Chinese figures, on the other hand, the White House rhetoric and the weakening U.S. dollar index last fell at the end of last week at 0.4%. At the same time as the positive dynamics of oil could not prevent, as weak data from the Energy Information Administration (EIA) and the MasterCard Inc., And forecasts of OPEC, say experts PSB. "In turn, we note that the oil market has been fueled not by real data from China, but only rumors. So, in anticipation of the publication of the Chinese indices Reuters news agency with links to government sources, reported that exports from China rose in May by 50%, which today are generally confirmed, pointing to the growth of this indicator on an annual basis at 48.5% although a year ago, his fall was a record 26.4% y / y. Thus, considering last year's decline, these data can hardly be considered representative, and, perhaps, that on Thursday morning, oil quotes could survive thanks to the growth of Chinese oil imports in May by 4.4% to 17.84 million tons ", - says report PSB. In the News Agency of used materials Finmarket »