On April 7, 2014 oil prices at the London goods market went down. By the end of the session cost of the contracts for delivery of Brent oil (mixture of various types of oil extracted on various wells offshore of the North Sea) declined by $1.08 to $105.64 per barrel at the Intercontinental exchange of future deals.
The oil prices went down, because of the reports that the oil ports on the east of Libya, which were under control of local militiamen, were returned to the government. Since last summer the troops of armed militiamen have been holding important oil objects on the east of the country, including Es-Sidr, Ras-Lanoof and Zuyetin ports. “The possibility of return of the barrels with Libyan oils to the market is high. The growth of deliveries will stimulate the market,” said analyst and broker Jean McGillian.
