By the end of trading on May 2, the value of the July contract for Brent crude on the ICE Futures exchange in London fell by $ 1.06 (2.06%) to $ 50.46 per barrel.
June futures on WTI on the New York Mercantile Exchange NYMEX collapsed by $ 1.18 (2.42%) - and amounted to $ 47.66 per barrel.
Today, oil rises in price, recovering from the one and a half month minimum reached on the eve, due to signs of a decrease in the excess supply of hydrocarbons in the US.
According to the American Petroleum Institute (API), published on Wednesday night, commodity oil stocks in the US declined last week by 4.16 million barrels, gasoline - by 1.93 million barrels.
The contract for Brent crude for July delivery on the London Stock Exchange ICE Futures rose by $ 0.42 (0.83%) to $ 50.88 per barrel.
The cost of the WTI futures contract for June in the electronic trading of the New York Mercantile Exchange (NYMEX) increased by $ 0.33 (0.69%) to $ 47.99 per barrel by that time.

During today's Asian trading, the US dollar rate rises against the major world currencies in anticipation of the end of the meeting of the leadership of the Federal Reserve System.
"Markets are looking closely at the decision of the Federal Reserve, and they want to see that the number of jobs in the US economy a month ago was just a temporary failure," said Jeremy Stretch, head of the CIBC foreign exchange market strategy department. In March, the growth in the number of jobs amounted to only 98 thousand, being below the consensus forecast of analysts on Wall Street, said MarketWatch.
Few experts expect an increase in interest rates by the US Central Bank following the May meeting. At the same time, the chances for such a move in June are estimated by the market to be higher than 70%, according to the CME Group.
The euro fell to $ 1,0926 against $ 1,0930 at the close of the previous session.
Coupled with the Japanese national currency, the dollar appreciated at the same time to 112.14 yen compared with 111.99 yen on Tuesday.
The euro gave 122.52 yen against 122.43 yen a day earlier.
The ICE U.S. Dollar index, which shows the value of the US dollar against the six major world currencies, increased by 0.09%. The indicator WSJ Dollar, which tracks the dynamics of the dollar against 16 major world currencies, rose by 0.14%.
The European Union de facto raised demands for UK payments before leaving the block (Brexit) - the so-called "fine for divorce" - up to 100 billion euros, writes the Financial Times on the basis of an analysis of the new requirements of a group of countries led by France and Germany.
Under the pressure of these countries, Brussels revised the initial calculations, now the obligations of Britain, on which the EU will insist, are estimated at between 91 billion and 113 billion euros. Earlier it was about 50 billion pounds or about 60 billion euros.
So, France and Poland insisted on including in the "fine for divorce" European subsidies of the agroindustrial complex, planned for the period after Brexit, a number of states advocated the addition of administrative costs of the EU for 2019 and 2020. In addition, Brussels insists on the advance payment by Britain of a share in future credit tranches to countries such as Ukraine and Portugal, arguing that London will receive money back when debtors finish paying out loans. Without these UK payments in the future, the net costs for Brexit are now estimated at FT 75 billion euros (previously from 40 billion to 60 billion euros).
At the same time, Germany opposes giving the UK a share of European assets, including real estate.
Gold fell to three-week minimum at yesterday's auction, reaching a mark of 1252 dollars per troy ounce. Market participants have renewed the demand for risky assets, in addition, the growth in the yield of US government securities contributes to the fall of quotations gold. Quotes of gold are close to the level of the 200-day moving average on the eve of the Fed meeting this evening.
It is almost certain that the US regulator will leave the interest rate unchanged, and the main event will be an accompanying statement that will point to a further rate of change in US monetary policy.