World oil prices are falling moderately in the morning of 13 April, after rising to a high of more than three years. This is evidenced by the auction, according to the Russian OGIA.
As of 7:21 GMT, on April 13, the value of June futures for the North sea Brent crude oil mix decreased by 0.31% to 71.8 dollars per barrel, and May futures for WTI crude oil decreased by 0.34% to 66.84 dollars per barrel.
On April 12, Brent and WTI oil prices jumped to highs from December 2014 - to 73 and 67 dollars per barrel, respectively, amid growing geopolitical tensions related to the situation around Syria. On Friday, the oil quotes will be adjusted downwards, according to RIA Novosti.
According to analysts, despite the current decline in prices, at the end of the week their growth may be about 7%, which is the strongest weekly increase since July 2017.
The bidders also continue to evaluate OPEC's April report, in which the organization raised the forecast for 2018 for the growth of global oil demand by 0.03 million barrels per day, to 1.63 million barrels per day. This year, demand is projected at about 98.7 million barrels per day.
At the same time, OPEC has increased its forecast for the growth of oil supply in 2018 by non-cartel countries by about 0.04 million barrels per day to 1.71 million barrels per day.