Oil prices have stopped in falling

Oil prices began to rise gradually

In brief: Today will be published official data on weekly crude oil stocks in the U.S. from the Energy Information Administration U.S. Department of Energy. Statistics have a significant impact on the oil prices.

Oil prices since the beginning of the day recovering from almost continuous decline in the past three weeks,. Today in trading on the New York Mercantile Exchange (NYMEX) futures on U.S. light crude (Light Sweet) came close to a mark 71 dollars / barrel. At the close of the day before the official price of the most active contract on the NYMEX was 68.75 dollars per barrel. In part, the oil helps quotation returning to the markets of interest to cheapened risky assets. European stocks today confidently grow, futures on stock indexes traded in the U.S. as black.

Now the price of oil futures transactions were ($ / bbl.): – Light, Sweet Crude Oil (July) – 70.55 (1.80) with a range of quotations 69,21-70,87; – ICE Brent Crude (July) – 71.16 (1.61) with a range of quotations 69,69-71,49. Interest in buying oil futures returns to the background data of the American Petroleum Institute (API) for oil and petroleum products in the U.S.. According to API, commercial stocks of crude oil in the U.S. for the week ended May 21 rose by 616 thousand barrels. – Against analysts’ forecast of 200 thousand barrels. Growth. At the same time gasoline inventories fell by as much as 3.2 million barrels., While analysts expected a decline to 200 thousand barrels. “Gasoline stocks unexpectedly fell by 3.2 million barrels. Last week that the market is perceived as a sign of the growing demand for gasoline in anticipation of summer avtosezona” – note the analysts of Commerzbank.

Anrey Torbinski
2010-05-26 14:59, Economics.

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