World prices for “black gold” on Wednesday morning growing in electronic trading in London and new York exchanges.
Futures for oil Brent with delivery in August on the London exchange ICE Futures rose 0.56% to $48,85 per barrel earlier today, surpassing $49 a barrel. August futures on light crude oil WTI on the new York Mercantile exchange (NYMEX) rose by 0.71% to $48,19 a barrel, reports “Газета.Ru”.
Oil rises in price in anticipation of the official data on the decline in fuel stocks in the U.S. market and news about a possible oil strike in Norway. Published data on the eve of the American Petroleum Institute (API) also showed a decrease in reserves of 3.86 million barrels in the week, marks “Interfax”.
Support for the oil market have news from Norway, where he is preparing a strike of employees of oil and gas industry.
As pointed out by a senior analyst at GK Forex Club Alena Afanasyeva, “Brent “catch the wave” as soon as demand returns, the asset begins to generate interest”. “Given the massive fall of the dollar against most currencies on Tuesday, questions about the consolidation of oil remains. Published in the American session, data from the American petroleum Institute (API) showed a more significant than expected fall in stockpiles at 3.86 million after minus 5,224 million in the previous week And it is also slightly encouraged by the oil,” says the review expert.
According to her, “today, the market will have a new test in the form of a report from the US Department of energy”. “The decline in stocks — what you need to strengthen Brent. However, there is a danger that with the opening of the European session on the trading floor will come again, and sales of more risky assets. Grown Euro, pound, and indices begin to pick up at such attractive levels for sale. And this chain can spread of oil. Thus, the $ 50 per barrel for Brent in the near future may remain a barrier that promises sales opportunities near this level,” says Afanasiev.
