Commercial oil stocks in the United States (excluding strategic reserves) for the week ended August 19, unexpectedly rose 2.5 million barrels to 523,6 million barrels. Such data are contained in the review of the energy information administration of the country energy.
Analysts polled by Reuters, on the contrary, believed that the reserves for the week decreased on 0,455 million barrels to 520,645 million barrels, according to PRIME.
Inventories of gasoline increased by 36 thousand barrels and reached 232,695 million barrels. Experts expected a decline in gasoline stocks of 1.7 million barrels, said”Finmarket”.
Commercial distillate stocks rose by 122 thousand barrels, reaching 153,257 million barrels. Analysts expected an increase of distillate inventories by 500 thousand barrels.
Against the background of these data the decline in oil prices reference marks are accelerated. The volatility of the market adds reports that the oil Ministry of Iran has not yet decided on the participation in the September talks, oil producers in Algeria.
As of 17:40 Moscow time, October futures for Brent on London’s ICE Futures exchange fell 1.7% to $49.1 per barrel. Quotes of WTI oil futures for November in electronic trading on the new York Mercantile exchange (NYMEX) decreased by 2.1% to us $47.1 per barrel.
Wednesday afternoon, 14:36 GMT, October futures for Brent on London’s ICE Futures exchange became cheaper by 1.32% to $49,3 per barrel. Futures for WTI by this time fell by 2.16% to $47,06 per barrel.
