Oil: increases production in April

9 years ago - Published in Commodities, Finance

Crude retraces from highs in 2016 in the wake of increased production in the Middle East, which overshadows the output decline US and a falling dollar.

OPEC crude oil production in April rose to 32.64 million barrels per day, close to the highest levels seen in recent history. Even Russia, the largest exporter outside the organization, has increased the monthly export.

Liquidity is still scarce due to the public holiday in many countries. Friday June Brent contract expired at $ 48.13 a barrel, an increase of 21.5% representing the largest monthly increase since May 2009. During the session had reached 48,50, up to six months.