Oil fell in price due to the increase of export from Iran

Export of crude oil from Iran has increased, against which there is a strong decline in oil prices. It supports the already existing oversupply of oil on the oil market. Just after the start of implementation of the proposed care plan oversupply may reduce. In the morning the price of Brent crude oil was $50.70 per barrel. Previous closing was above 0.37%. The price of WTI crude oil reached $ 48.56 per barrel, down compared to the previous closing at 0.5%.