Oil is getting cheaper by the weak statistical data from the U.S.

The cost of July futures for U.S. light crude oil WTI (Light Sweet Crude Oil) in electronic trading in New York at 09.20 MSK fell 0.52 dollars or 0.52%, to 99.77 dollars per barrel. The July futures for North Sea petroleum mix of mark Brent has fallen in price on 0.31 dollars or 0.27%, to 114.22 dollars per barrel. According to figures published by the American Petroleum Institute on Wednesday (American Petroleum Institute), oil reserves in the wholesale warehouses the U.S. increased last week to 371.6 million barrels. Growth was 3.5 million barrels. On the background of poor statistics of the medium index of business activity in the industrial sector and the number of jobs in private companies in USA in May this year, an increase of oil reserves is regarded by investors as a sign of a slowing U.S. economy. In the course of trading on Thursday is also expected to statistics from the Ministry of Energy of the country, which is projected, may show an increase of fuel on the wholesale warehouses on 1,6 million barrels. "Data from the Petroleum Institute were negative. If today the Department of Energy will publish statistics that show an increase in stocks, oil prices remain under pressure "- said the head of research for the markets of raw materials Australia & New Zealand Banking Group Ltd. Mark Pervan (Mark Pervan).