At the end of last week oil prices finished the week in positive after the news about reduction of oil production in the US and preparation for the meeting between the oil producing countries in Doha, Bloomberg agency reported.
The prices of June futures of Brent oil at the London-based ICE Futures exchange increased by 5.78% up to $41.89 per barrel.
By that time May prices for the contracts of WTI oil brand at the electronic auctions at NYMEX increased by 6.19% up to $39.72 per barrel.
Oil production has been slowly going down in the US – by 14,000 barrel a day to 9.01 million barrels a day. The prices have been going down for ten weeks in a row.
According to the US Energy Ministry, the oil resources in the country dropped by 4,937,000 barrels, though the analysts expected its increase by 2.85 million barrels.
The oil producing countries of Latin America gathered in Ecuador on April 8 to discuss the position of the region at the forthcoming meeting in Doha. At the meeting Columbia, Ecuador, Venezuela, Bolivia and Mexico offered to create the international mechanism of exchange of information about hydrocarbon resources.