Oil prices remain under pressure

On Tuesday morning, oil has risen in price due to the weakening of the US dollar against the yen to 18-month lows that heats fuel demand, but the rise in prices was limited by the increase in production in the Middle East, as well as lingering concerns about excess supply in the market.

Around noon Moscow time on Brent futures traded at a mark of $ 45.4 per barrel, down from a high of $ 46.37 reached this morning. Futures for WTI crude oil fell to $ 44.37 per barrel, 0.87% below the previous close.

Exhausting positive morning, black gold prices have returned to lower. Oil remains under pressure from excess supply on the world market and further increase the volume of production by OPEC member countries.