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Oil falls in early trading
This morning, New York crude oil futures for WTI fell 1.36% to $ 49.20 per barrel and Brent oil futures were down -1.34% to $ 50.63 per barrel. Thus, the black gold is down, on the background of latest news. The strike of workers in the oil and gas industry in Norway and improvement the situation with production in Nigeria undermine the prices. In Nigeria due to attacks on the country's oil infrastructure, oil production fell to 600,000 barrels per day. In addition, because of forest fires in Canada, oil production fell 1.5 million barrels per day, according to analysts at Goldman Sachs. According to the Energy Information Administration (EIA) data released on Wednesday, US oil inventories fell by 4.05 million barrels to 526.57 million barrels, while analysts had expected a decrease of 2.37 million.
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