After reports of the American Institute of oil (API) about oil stocks in the USA, the price of “black gold” showed a positive trend.
The price of November futures for Brent oil increased by 0.30% and reached the mark of 47.24 dollars per barrel, the cost of the October futures rose to of 45.12 per barrel.
According to the API, oil stocks in the U.S. rose by 1.4 million barrels. This figure declined than all forecasts, so the price of oil has increased. Investors await the publication of the official data from the U.S. Department of energy. According to reports, last week the us oil stocks increased by 3.8 million barrels to 515,2 million barrels.
