Brent price declines to $53.4

The cost of the June futures of Brent crude oil on London's ICE trading decreased by $0.14 (0.26%) to $53.39 per barrel. as of 07:58 am.

The May futures for WTI oil decreased by $0.09 (0.18%) and reached $38.70 per barrel at the New York Mercantile Exchange (NYMEX). 

Last week, May WTI crude was up about 5.5% for the week, which was the most significant weekly increase this year, MarketWatch reported.