The world oil prices on Tuesday morning correctly decrease after growth by 5% for three trading days, testifying data.
The price of the April futures on Brent decreased by 0.81% – to $ 95.73 per barrel. WTI March futures fell by 0.89% – to $ 94.62, RIA “News” reports.
In the oil market there is a correctional decline in prices after growth by 5% for three trading sessions.
In addition, the price of Brent exceeded $ 96 per barrel for the first time on October 1, 2014, and the WTI brand is $ 95 per barrel for the first time since September 17, 2014. This rally on the oil market was due to an unstable geopolitical background, which as a result could affect the supply of fuel.
According to Oanda analysts, which leads Wall Street Journal, demand continues to grow, while global reserves remain low. Cost of black gold can return to growth.