The price of Brent crude oil fell to 40.87 USD per barrel
The rate of decline in global oil prices has accelerated to about 4.5% after the release of statistics US Department of energy on its reserves and production in the country, according to the auction.
As at 17.56 GMT the price of August futures for North sea petroleum mix of mark Brent fell by 4.46% to 40.73 per barrel, the August futures for WTI - by 4.63% to 38.5 percent. Earlier in the day, these prices fell to 1-1,5%.
The fall in oil prices accelerated after few minutes earlier US Department of energy published the data, according to which oil reserves in the country rose to 540,7 million barrels, thus for the third time by updating the historical record and surpassing analysts ' expectations.
In addition, oil production in the United States for the first time in 11 weeks increased by 500 thousand barrels, to 11 million. The index fell continuously from the beginning of April.