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Oil opened the week with a sharp decline in prices

Нефть открыла неделю резким снижением ценBrent crude in London fell to $69,34 per barrel, while the price of WTI in new York traded at $60,57.

World oil prices reference marks are dramatically decreased on the background of statements of the President of the United States Donald trump about the new increase in duties on Chinese goods. This according to the auction the morning of Monday, 6 may.

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So, the July Brent crude on London exchange ICE Futures as of 9:30 Kiev fell to $1.51 level (of 2.13%) to $69,34 per barrel.

The cost of the futures on WTI for June at the electronic session on the new York Mercantile exchange (NYMEX) decreased by $1,37 (2,21%) to $60,57 per barrel.

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Thus, the spread between the current contracts for Brent and WTI is $8,77 in favor of Brent.

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