World prices for “black gold” on Thursday morning are trading mixed in electronic trading on the London and new York exchanges.
Futures for oil Brent with delivery in August on London’s ICE Futures exchange rose 1.2% to $50,71 per barrel. August futures on light crude oil WTI on the new York Mercantile exchange (NYMEX) fell by 0.94% to $49,41 per barrel, reports”Газета.Ru”.
Brent crude becomes more expensive for data about oil stocks in the us market, which may indicate the trend to restore the balance between supply and demand on the world market of hydrocarbons. The panic among investors following the decision of the UK to leave the EU, eroding, notes”Interfax”.
The supply of oil in the world has declined due to fires in Canada, strikes in Kuwait and in France, the economic problems in Venezuela and political unrest in Nigeria and Libya. Meanwhile, the demand for fuel in China and India, the largest developing economies in the world, continues to grow. In addition, oil production in Norway, which produces 2.1% of the world’s oil, may decline due to the strike of oil industry workers.
As pointed out by a senior analyst at GK Forex Club Alena Afanasyeva, “Brent received support and data from the US Department of energy, and the demand for risky assets, adviseo on the dollar.
“The U.S. commercial stockpiles for last week was reduced by 4,053 million barrels against forecasts for a drop of only 2,375 million However, it should be noted that the movement of Brent up was interrupted in the area of 51,40 per barrel, and it is possible this area will be a short-term barrier to further growth. Unfortunately, the rest of the week interesting economic reports that can affect the dynamics of oil not observed, — says the review expert.
Thus, in her words, “the energy source will be completely at the mercy of market interest risk: the more optimistic investors will look to the future, the more chances you have of Brent to return to the area of 51,40, however, not excluded that on Thursday, the market will be overflowed again by a wave of panic about the British future.
