Oil becomes more expensive due to declining reserves in the United States

Нефть дорожает из-за снижения запасов в США

The market expects the data about oil stocks in the US from the energy of the country

Brent is approaching $ 50 per barrel.

Oil prices on Wednesday, 25 may, rising after the data of the American petroleum Institute (API) a significant decrease in fuel stocks in the U.S. market. Also, the market expects official statistics of the US Department of energy on stocks of “black gold”.

So, quotations of July futures on the mark Brent on London’s ICE Futures exchange to 8.10 in Kiev has grown on 1,09% – to RUB 49.15 dollars a barrel. Prices of contracts for mark WTI for July in electronic trading on the new York Mercantile exchange (NYMEX) by this time increased to 1.25% – up to 49,23 dollars per barrel.

“Technically, the market is preparing for the fact that (oil price) WTI rises above $ 50 per barrel, and the intrigue lies in where it will go from this level,” said market analyst at OptionsXpress, Ben Le Brun.

According to the API, oil stocks in the previous week in the US fell by 5.14 million barrels, while analysts expected a contraction of 3.3 million barrels.

Now investors awaited data on oil stocks in the US from the energy of the country, which will be published later on Wednesday.

As reported Корреспондент.net, 24 may oil fell ahead of the API data on stocks of fuel in the States.

According to the materials:

RIA Novosti