World oil prices decline on Friday morning, reacting to the statistics for the record production levels in the United States, reports Prime with reference to the auction.
August futures for the North sea oil mixture of Brent fell by 0.1% — to 77.48 dollars per barrel, July futures for WTI oil — by 0.24%, to 66.88 dollars per barrel.
According to the energy information administration (EIA) of U.S. Department of energy, the average daily oil production in the country in March has again returned to record levels and for the first time in U.S. history has reached 10,474 million barrels per day, an increase of 2.1% month-on-month and 14.6% year on year.
Oil prices continue to be under pressure and fears of oil production growth by OPEC+ countries. Russian energy Minister Alexander Novak said last week that the gradual increase in oil production under the OPEC+ agreement may begin in the third quarter of this year, if such a decision is made.