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World oil prices fall

Brent crude in London fell $0,66, and the price of WTI in new York fell $0,67.

World oil prices reference marks are reduced on the first day of the working week. This according to the auction the morning of Monday, July 16.

So, the September futures price for North sea Brent crude on London’s ICE Futures exchange at 9:30 in Kiev fell to $0,66 (0,88%) – to $74,66 per barrel.

In turn, the price of oil WTI for August delivery in electronic trading on the new York Mercantile exchange (NYMEX) decreased by $0,67 (0,96%) to $69,28 per barrel.

Analysts noted that prices for “black gold” are reduced by data on the expansion of exports of oil of Saudi Arabia, as well as information about the US plans to release oil from strategic reserves to moderate prices in case of their increase.

Market players are also waiting for the outcome of the summit of presidents of the United States and Russia, who are meeting today in Helsinki.

Earlier, U.S. President Donald trump has repeatedly called on OPEC to increase oil production to lower prices.

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