The cost of oil decreases on Thursday morning as part of the correction after active growth of the environment. This is evidenced by trading data.
The price of June futures to the North Core oil mixture of Brent brand decreased by 0.09% – to 66.52 dollars, and the May futures on WTI – by 0.19%, to $ 63.03 per barrel.
A slight decrease in the cost of oil in the morning is due to the correction. According to the results of the quotation environment, raw materials rose by 4.6-4.9%. Such an increase was facilitated by the cost of reducing its reserves in the United States more than the forecast, as well as improving forecasts for the demand for the International Energy Agency (MEA) and OPEC.
“The fixation of the profit is likely, since oil prices were overly increased yesterday,” the Bloomberg founder of Vanda Insights Vandan Hari said.