Brent crude rose to $69 for the first time since February

Нефть Brent подорожала до $69 впервые с февраля

Statistics on crude oil inventories in the U.S. last week unexpectedly fell to 428,3 million barrels. This is below the average level for this time of year.

World oil prices rise during trading Wednesday, 21 March, amid news of an unexpected decline in commodity fuel reserves in the United States.

Mikich price of futures for Brent crude on the London ICE Futures exchange to 17:30 Moscow time has grown on $1,89 (2,80%), to $69,31 per barrel.

In recent times the price of this oil was above $69 per barrel on 2 February this year.

Oil WTI at auction new York Mercantile exchange (NYMEX) rose $1.65 in (2.6 percent) to $65,19 per barrel.

The increase in oil prices occurred after the publication of the report of the energy information Administration of U.S. Department of energy (EIA) stating that inventories of crude oil and gasoline last week fell unexpectedly by 2.6 million barrels for the week.

Gasoline inventories in the US fell by 1.7 million barrels against the expected decline of 2 million barrels. According to the report US Department of energy stocks of distillates, including diesel fuel, fell 2 million barrels.

The analysts of the market expected growth of crude oil reserves of approximately 2.6 million barrels.

Total crude oil inventories in the U.S. last week were on the importance 428,3 million barrels, the EIA is considered below average for this time of year.

It is noted that last week the oil production in the US rose 0.3% to a historic high of 10.40 million barrels per day. This exceeds the production in Saudi Arabia and close to the production figures in Russia, which is now the largest oil producer in the world.

Earlier, OPEC has acknowledged the scale of the shale boom in North America and its impact on the oil market. For the first time the forecast of supply growth from countries outside of the cartel exceeds the growth of demand.

News from the Telegram. Subscribe to our channel

Fluctuations in oil prices

Fitch called the stable state of the Russian economy

Russia emerged from a 20-year recession – Bloomberg

Russia will double the reduction of oil production

Putin predicts growth in demand for oil and gas in the world

In Mexico thousands of protesters due to the cost of gasoline