Thursday, July 28, 2016

Oil continues to fall in price against the background of data on the growth of raw material stocks in the United States – Economic Information Agency PRIME

MOSCOW, July 28 -. PRIME The world prices for oil decrease in the range of 2% on Thursday night, continuing to win back the data the US Department of Energy on the growth of reserves of “black gold” in the country, according to the auction <. / p>

as at 19.39 MSK cost of the October futures for North Sea petroleum mix of mark Brent decreased by 1,62% – to 43.20 dollars per barrel, while the September futures of WTI crude oil – by 1.98% – up . 41.09 per barrel

According to the Ministry of Energy, published on Wednesday in the US commercial inventories of crude oil (excluding strategic reserves) for the week ended July 22 suddenly increased – by 1.7 million barrels, or 0.3% -. to 521.1 million barrels, with forecasts of declining to 2,257 million barrels

oil in the US this week, according to the ministry, has grown by 0.24%, or 21 thousand barrels per day – up to 8.515 million barrels per day. Oil reserves in the country’s largest terminal in Cushing (Cushing) increased by 1.1 million barrels – up to 65.2 million barrels. Gasoline inventories in the US rose by 0.5 million barrels, or 0.2% – to 241.5 million barrels

The market reacted to these sharp decline in oil prices.. So, Brent crude oil for the first time since May 10, 2016 fell below $ 44 per barrel.

Analysts Sberbank CIB, whose opinions leads Bloomberg agency believes that the cost of Brent crude could soon fall below 42 dollars barrel. According to them, of Brent is located in the “bearish phase,” the dynamics of prices for this variety resembles the dynamics in the fourth quarter of 2015. “The rate of decline similar to those that occurred in November 2015, in January, they worsened”, – analysts say

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