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Oil is stable on April 29 after the rapid growth in previous days caused by expectations of restoration of balance of supply and demand in the market, Interfax reported quoting Bloomberg. The price of Brent crude oil futures for June at the London ICE Futures Exchange went down by 5 cents - up to $48.09 per barrel.

The cost of the June Futures’ Light Sweet Crude Oil (WTI) has gone down by 3 cents and totaled  $46,00 for barrel , at the New York Mercantile Exchange (NYMEX).

The oil price growth could reach 20% in April.

Oil production in the USA following the results of last week has decreased by 0.2% - to 8.938 million barrels a day. The indicator is minimum since October 2014. Oil reserves in the USA last week have grown by 2 million barrels, and gasoline - by 1.6 million barrels. US crude stocks rose by 2 million barrels last week, while gasoline reserves - by 1.6 million barrels.

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