The price of Brent crude oil exceeded $ 66

Цена нефти Brent превысила 66 долларов

Traders await data on fuel stocks in the United States, where experts predict growth. The market will closely monitor data on oil production.

The cost of oil reference marks demonstrates a moderate growth in the course of trading on Tuesday, March 20. While investors weighed data on OPEC production and waiting for the report on fuel stocks in the United States.

The price of may futures for Brent crude on London’s ICE Futures exchange rose 0.32% to of 66.65 dollars per barrel. The futures price for WTI crude for April, the auction which ends today, during the session of the new York Mercantile exchange (NYMEX) rose by 0.32% – to 62.26 per barrel. The more actively traded may contract WTI has risen in price on 0,37% – to 62.36 per barrel.

As informs Agency Bloomberg with reference to informed sources, the technical Committee of OPEC has evaluated the level of execution of the agreement of the cartel with partners to reduce production in February of 138%. Inside the 12 countries of the organization for the plan was exceeded by 42% in the partner countries – 13%.

Meanwhile, Saudi Arabia reported on the growth of export deliveries of diesel fuel and gasoline in January to a historical high.

Also, traders await data on fuel stocks in the United States. The American petroleum Institute (API) will publish its performance in the night from Tuesday to Wednesday, and the official data of the U.S. Department of energy will be released on Wednesday at 16.30 in Kiev. Experts on average predict an increase in oil inventories last week by 3.4 million barrels.

Earlier it was reported that OPEC expects growth in global demand for oil of 1.6 million barrels per day.


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