Oil price growth to the highest level since 2014 this month was interrupted after two world’s largest suppliers said that they might stop output cuts that helped eliminate global market oil surplus, Bloomberg reports.

Futures in New York dropped by 0,2% and set to show first monthly drop since February, despite of the fact that they reached three-year high last week. Prices declined by almost 8% during five sessions after Saudi Arabia suggested going out of supply curbs agreement. Oil stopped declining on Wednesday since falling US dollar made commodities denominated in this currency more attractive.

Prices rose earlier this month after Donald Trump decided to renew Iran sanctions, and supply from Venezuela was restricted due to economic crisis. However, further price growth will be limited by expectations of OPEC output increase.

Price of WTI oil with July delivery is $68,08 a barrel today. This month it might show drop by 0,7%. Brent oil with July delivery lost 0,4% today and costs $77,21 per barrel. The price went up by 2,7% in May. Shanghai futures increased by 2,1% to 473,6 yuan a barrel. Growth in May will be 6,6%.

Traders are also carefully watching after rising difference between WTI and Brent oil this month. On Wednesday American oil closed with biggest discount to the oil trading in London since March 2015. It happens due to rising US output and inventories.

Gasoline futures rose by 0,3% to $2,1906 per gallon and are ready to show growth for third month .