Home / Oil / Oil rose amid falling oil reserves in the United States

Oil rose amid falling oil reserves in the United States

Нефть выросла на фоне падения запасов нефти в США

Stock quotes of oil Brent and WTI has gained more than 2% on the background data on the reduction of oil reserves for 6 consecutive weeks.

The energy information administration under the Ministry of energy of the USA published statistics on commercial oil stocks in the week to 24 June (PDF).

The reduction was more serious than expected crude oil inventories decreased by 4.1 million barrels, while forecasts for the decline of 2.4 million barrels (from analysts S&P Global Platts). The oil reserves in the USA has been declining for 6 consecutive weeks.

In addition, the EIA report also noted a further reduction in the volume of oil production in the U.S. for the week decreased by 55 thousand barrels per day. In comparison with data for June of 2015 to date, oil production in the US fell by almost 1 million b/c

Against this background, and thanks to the return of risk appetite in the global markets, the futures for oil grades Brent and WTI on Wednesday, June 29, has gained an average of more than 2.5%.

On the Intercontinental exchange (ICE) in London, futures for Brent crude with August delivery rose 2.6% to $49,83 per barrel. During the day was tested with values above $50 a barrel for the first time after the last UK referendum, the results of which caused panic in the financial markets.

On the new York Mercantile exchange (NYMEX) crude oil futures of WTI for August delivery gained 2.7 percent to $of 49.10 per barrel.

Check Also

Coalition forces the US to attack oil tankers in Syria

Forces under the leadership of the United States blew up three oil tankers in Syria, …