Brent price increases to $49

The prices of July futures for Brent oil have risen by $0.44 (0.9%) to $49.25 per dollar on the ICE Exchange in London, as of 07:46 (MSK). Yesterday, during the closing of the market, the price of futures fell $0.12 (0.25%) to 48.81 dollars per barrel.

The June futures for WTI oil gained $0.55% (1,14%) and reached $48.71 per barrel at the New York Mercantile Exchange (NYMEX). As a result of the last session, the contract dropped in price $0.03 (0.06%) to $48.16 per barrel, Interfax reports.

According to the Energy Information Administration (EIA), the US crude oil production fell to 8.79 million barrels per day.