Oil prices fall again

Friday, 07/07/2017 | 12:32 GMT

Disclaimer

Larson&Holz analysts point out that this week oil prices returned to downward trend. Brent has moved from the point $49,87 to $47 per barrel.

And the reason to this trend remains the same as usual. It is increasing of commercial oil resources of American companies. Also, the flame has been fueled by Saudi Arabia, where the state oil producer has enlarged its annual average to 10,5 mln barrels per day.

Still, the current OPEC agreement helps to constrain the falling prices. Larson&Holz analysts are sure that if the data published by EIA (Energy Information Administration) will be lower than expected, then Brent oil will try to take by storm the point of $50 per barrel again.

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