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Cost of oil futures fell slightly, being at the same time near three-month low, which was associated with the resumption of production of raw materials to the El Sharara field in Libya, which has increased the volume of oil production in the country.
Meanwhile, experts say that this week, prices could rise due to new problems in Libya and Iraq and fears that Iran will not be able to negotiate with the West over its nuclear program. Libya has increased oil production to 470,000 barrels per day, but the port of Brega is still closed due to protests guards. In addition, on Sunday held battles between rival factions for control of the main airport of Tripoli Libya, during which killed at least seven people. Six people were killed on Sunday in a bomb explosion in a suburb of the Iraqi capital Baghdad. Iraqi parliament delayed the formation of a new government until Tuesday against the backdrop of fighting with Islamists less than 80 kilometers from the capital.
The course of trade also influenced today's data for the euro area, which showed that industrial production fell by 1.1 percent on a monthly measurement, offset by an increase of 0.7 percent in April. Issue, according to expectations, had to grow by 0.3 percent.
Production of consumer durables and non-durables fell by 1.8 percent and 2.2 percent respectively. In turn, the production of intermediate goods fell by 2.4 percent, and production of capital goods decreased slightly by 0.5 percent. Partially offset by decrease in energy production (3 percent). On an annual basis, industrial output grew at a slower pace of 0.5 percent after rising 1.4 percent in April. Experts had expected growth of 1.1 percent.
Market participants are also waiting for the speech of the Federal Reserve Janet Yellen this week on the topic of monetary policy, as well as key data on U.S. retail sales in June.
According to technical analysis Oil N'Gold, the first resistance level WTI oil prices at around $ 101.10, and the second level is $ 101.55. At the same levels of support may include the following $ 100.75 and $ 100.00.
Cost of the August futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to $ 100.63 a barrel on the New York Mercantile Exchange (NYMEX).
August futures price for North Sea Brent crude oil mixture fell to $ 106.53 a barrel on the London exchange ICE Futures Europe.
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