Oil falls in price amid situation around US debt ceiling

Global oil prices on May 30 morning showed a decline, as markets continue to assess the situation around the US debt ceiling, Report informs referring to the auction data.

The price of August futures for Brent crude fell by 0.66% to $76.59 per barrel, July futures for WTI decreased by 0.47% to $72.33.

The situation with negotiations to raise the US debt ceiling remains one of the main topics in the markets. According to the White House, President Joe Biden is in daily contact with congressional leaders about the upcoming vote on an agreement designed to raise the national debt ceiling in the country and thereby avoid a default.