Oil falls on data on reserves and uncertainties around the renewal of the OPEC + agreement

Oil prices decline this morning - at 10:12 in the Brent mark fell in price by 0.51% to $ 47.18, WTI - by 0.63% to $ 44.27. Negative the dynamics was a reaction to the release of data on reserves from American Petroleum Institute (API). Inventories increased by 4.15 over the past week, according to his report. million barrels. These numbers are almost double the forecasts. analysts who had expected this figure at 2.3 million. US Department of Energy will present its statistics by the end of today - as analysts predict, his calculations will show an increase of 2.36 million barrels. Investors are also assessing the prospects for extending the agreement OPEC + to cut oil production. Yesterday, Monday, took place OPEC meeting, at which the players were awaiting a decision on this issue, however, this did not happen. For today it was an OPEC + meeting is scheduled, which should also the decision was made not only by the members, but also by the allies of OPEC, but it was moved to Wednesday. According to ANZ experts, there is a high probability that OPEC + will not be able to agree to extend the agreement, reports Reuters.