Oil on Thursday traded below $ 74 a barrel on the growth stocks in the U.S.
Oil on Thursday morning traded below $ 74 a barrel. Concerns related to the decrease in demand for fuel and distillates, graded the positive from the reduction of petroleum reserves, reported Bloomberg.
commercial oil reserves in the U.S. last week fell to 3.888 million barrels (1.2%) - up to 326.677 million barrels.
As stated in the weekly report of U.S. Department of Energy, released Wednesday, gasoline inventories rose by 1.985 million barrels (0,87%) and amounted to 229.427 million barrels.
Commercial stocks of distillates rose by 0.358 million barrels (0,23%) - up to 157.496 million barrels.
experts expected increase of oil reserves at 1.5 million barrels of gasoline - by 900 thousand barrels, as well as reducing the reserves of distillates at 1.8 million barrels.
“Key economic indicators remain weak, and there are no data that would persuade me that the demand will grow significant pace,” - said an analyst at Hudson Capital Energy Clarence Chu. According to experts, the market is “expected to reduce stockpiles of distillates, but in fact it turned out that they grew up, and it is graded increase due to falling oil reserves.”
price of the March futures contracts for petroleum of mark WTI in electronic trading of the New York Mercantile Exchange (NYMEX) rose on Thursday at $ 0.27 (0.37%) - up to $ 73.94 per barrel. The fall in oil prices in New York on the results of trading on Wednesday amounted to 1,4% on the final quotation on 26 January.
on the London exchange ICE Futures price of futures for March London Brent crude on the results of the auctions on Wednesday fell by 1,4% - to $ 72.24 per barrel - at least from December 15.
In anticipation of tomorrow”s publication of strong data on U.S. GDP for the IV quarter of this desire to play down will be insignificant Nouriel Roubini od27n the fears of sovereign risk and paradoxes of the struggle with the deficit and debt …
Dynamics trades on the market of Russia will be determined by the changing situation on the commodity and currency sites
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