Commercial oil inventories in the U.S. increased during the week from 19 to 26 August at 2.28 million barrels to 525,87 million, follows from the report of the energy Ministry of the country.
The analysts polled by Bloomberg, expect growth stocks to 2.5 million barrels, according to TASS.
Inventories of gasoline fell last week to 691 thousand barrels to 232,004 million barrels. Experts predicted reduction of stocks of gasoline on 1 million barrels.
Commercial distillate stocks increased by 1,496 million barrels to 154,753 million barrels. Analysts expected reduction of stocks of distillates on 125 thousand barrels, said “Finmarket”.
Against the background of data from the US Department of energy, the fall in oil prices increased. Thus, the cost of futures for oil Brent with delivery in November 2016 on the ICE exchange in London fell 2.4% to $47,57 per barrel compared to the previous close.
At the end of September in Algeria will host an international energy forum in which the countries-exporters of energy resources intends to negotiate a “freezing” of production. The initiators of the discussion are Venezuela, Ecuador and Kuwait. The Ministers of Saudi Arabia, Iraq and Iran have already confirmed their participation in closed-door talks.
