Nearly 5% decline steadily, although marked the first week in a month

Last week, the price of oil WTI 2.6% oil Brent 4.9% work slope collapse

The future decline in oil contracts to the lowest on Friday (25 / 05), when you OPEC reported that Russia is considering to increase production to 10 thousand barrels/day, in order to compensate for the lack of supply. In Iran and Venezuela, MarketWatch messenger.

In sixty days the amount of oil platform data have an enhanced ability to display in the United States, and in the production ramp, also contribute to the decline in oil prices speed.

Sixth days of the end of the transaction, the contract WTI light sweet crude July NYMEX collapsed on the floor over $2.83 (US $67.884% / barrel) to the lowest level, closed from May 2018 01 data show that from FactSet. Over the past week, H The 4.9% P gradient descent, recorded the first week to a month.

To the July contract, Brent oil on the floor in London lost $2.35 (US $3%) $76.44 / barrel, the lowest level, closed from May 8, 2018, in reducing the total level of contribution, to improve the 2.6% week.

Oil prices plummeted after the media reported that OPEC (OPEC mine) and Russia discuss for the first time since 2016 to improve the yield. Peng Bo news agency said manufacturers are considering the key - 800 thousand pump oil from 300 thousand barrels/day, the Reuters news agency, this number could reach 10 thousand barrels a day.

OPEC and the manufacturer led Russia to cut production from January 2017 / in an additional state, efforts to reduce global oil supply, the bottom for many years, the current global reserves close to the target level. The I U OPEC oil prices to help over three years of the climax in the week.

According to plans to increase production again in the background was taken to worry that Iran's oil exports amount will be reduced after the United States decided to withdraw from the agreement, Iran, and Venezuela in the nuclear yield decline.

OPEC know, it is expected that the next meeting organization / June 22, 2018.

At the same time, the data of Beck Hughes said on Friday, the oil platform in the United States a total of 15 units in 859 years Taiwan this week, the end of the 9 / 0 / 2018 in the most powerful tank mark Zhou Cong on Sunday.

The deal also on Friday, the contract to pay nearly $2.4% a gallon of gasoline in June, 2.181 and 2.3% decline in the past week. June heating oil contracts 2.5% collapse down $2.21 a gallon. Over the past week, 2.5% reduction in the contract.

The natural gas contract in June after nearly $2.939 / MMBtu level, while recording 3.2% levels are increased in the past week.