Oil showed steady growth

US, WASHINGTON (ORDO NEWS) — At the first auction of the working week, a steady increase in oil was noted.

So, the June futures of Brent crude oil rose in price by 8.35 percent and amounted to 28.02 dollars per barrel. June futures for WTI crude oil rose in price by 14.82 percent. This oil is trading at 21.38 dollars per barrel.

Since May 1, countries began to reduce oil production. According to the forecast of Goldman Sachs, this factor, as well as the restoration of economic activity in the world after the shock of the COVID-19 coronavirus pandemic, will lead to the fact that in 2021 the price of oil will recover to the pre-crisis level.

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