Oil quotes continue to fall

The cost of oil futures fell nearly percent, as investors focus again shifted to the excess of world supply of oil.

On Sunday, Iran's deputy oil minister Rukneddin Javadi said Iran does not intend to freeze the oil, as the country does not increase the export of oil to dosanktsionnogo level until the second half of the year. "Iran exports oil to reach 2.2 million barrels a day by mid-summer before oil exports reached this indicator before the sanctions against the country for more than four years ago, have been introduced -. Javadi said -. The Government has no plans at the moment to freeze or interrupt the growth of oil production and exports. " In April, Javadi said that oil exports will reach 2 million barrels per day within the next month, and dosanktsionny country level will be released in June. Experts note that comments Javadi reduce the likelihood of coordination of frozen oil production by OPEC at a meeting of the group, which will be held in Vienna on 2 June.

Pressure on the quotes also have Friday's data from Baker Hughes, showing that for the first time this year, the number of oil rigs in the United States has not changed. The Baker Hughes reported that the total number of drilling rigs in the United States by the end of the working week was reduced by 2 units which ended May 20, up to 404 units. In annual terms, a decline of 481 units or 54.4%. The number of oil rigs in the past week remained at a level of 318 units. The number of gas-producing plants has decreased by two units, or 2.3%, amounting to 85 pieces.

Latest news outweighed fears of unplanned supply disruptions of oil worldwide. Since production is recovering, especially in Nigeria and Canada, experts expect a decline in prices in the next few weeks.

Meanwhile, today Goldman Sachs analysts raised the forecast of oil prices for the current year, but decreased - in 2017. The Bank expects that the average WTI crude price in 2016 will be $ 45 per barrel as compared to the previously forecasted $ 38 per barrel next year - $ 53 per barrel compared to $ 58 per barrel. at 2018 rank remains unchanged - $ 60 per barrel. The forecast for Brent crude oil for the year increased to $ 45 per barrel to $ 39 per barrel, and the next year - reduced to $ 55 per barrel to $ 60 per barrel. The long-term rating has been maintained at $ 53-63 per barrel in the background of productivity growth in the US shale industry and increasing the supply of OPEC.

WTI for delivery in July fell to $48.18 a barrel. Brent for July fell to $48.07 a barrel.