Global oil prices fell on February 3 morning in anticipation of signs of recovery in oil demand in China, Report informs referring to the auction data.
The price of April futures for Brent crude fell by 0.26% to $81.96 per barrel, March futures for WTI decreased by 0.32% to $75.64.
Since the beginning of the week, the cost of Brent and WTI may show a decrease of 5.4% and 4.7%, respectively. This may happen against the backdrop of the publication of US Department of Energy statistics on oil reserves.