Oil finished last week in positive territory

Oil prices finished last week at the maximum levels since November 2014: Brent went up by 3.4%, WTI - by 2.2%. The rise in prices was facilitated by the US decision to withdraw from the agreement on Iran's nuclear program, which would lead to the restoration of sanctions against the country, including restrictions on oil exports. At the same time, experts at Mitsubishi UFJ Financial Group believe that the new sanctions will reduce the supply of Iranian oil by only 350,000 barrels per day, as the EU and other major market players continue to be members of the agreement on Iran. On Friday at 18:23 Moscow time, oil prices changed insignificantly. July futures for Brent crude fell 4 cents to 77 dollars 43 cents per barrel. The price of the June WTI futures fell 15 cents to 71 dollars 21 cents per barrel.

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