Oil prices decline after four days of growth

Oil prices are declining after four days of growth due to concerns about the growth in global demand and high stocks.

Brent futures fell by $0,08 to $57,83 per barrel, according to Reuters, and WTI futures fell by $0,56 to $52,49.

According to the American Petroleum Institute, oil reserves in the United States rose by more than 30 million barrels in the week ending January 6,1, with an increase forecast of 3,5 million barrels.

In the past four days, oil prices have risen.

The head of BP, Bob Dudley, for his part told Reuters that the oil industry should be prepared for the fact that oil prices will remain low for at least a year, writes BBC News.