Oil continued to get cheaper due to the growth of production in the USA

Oil prices reference brands continue to decline Thursday on data about the growth of production in the US to record levels, according to Interfax with reference to the Dow Jones.

At the end of the bidding on Wednesday the fall of the cost WTI was maximum this year, according FactSet.

The April futures oil brand Brent on the london stock exchange ICE Futures fell on $0,19 (0,29%) - up to $65,32 per barrel. On the auction in the previous day their price decreased by $of 1.35 (2,02%) and was $65,51 per barrel - the lowest level since 22 dec.

Quotes of futures oil WTI on march in the morning Thursday decreased by $0,26 (0,42%) - up to $61,53 per barrel. At the end of last session their price fell to $1,6 (2,52%) and was $61,79 per barrel that is a minimum of 8 jan.

In Citigroup predict that the production of oil in the united STATES may exceed 11 million barrels per day by the end of summer, that is before government forecast, which involves the achievement of this volume in November.

"The oil production in the US will continue to reach new records for 2018", - note experts bank.

According to estimates Control on information in the field of energy (EIA), Energy USA, published on the eve, oil production in the united STATES in the current year will be on average 10,59 million barrels per day (b/c), in 2019 year - 11,18 million b/s. Both indicator was improved on 3,1% compared to the previous forecast.

Stocks of oil in the US for a week, ended 2 feb, rose of 1.9 million barrels - up to 420,25 million barrels, said on Wednesday the ministry of energy of the USA.

The oil production in the US at the end of the week rose 3% - up to 10,251 million barrels per day, a new record for weekly data.

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