Oil prices fluctuate weakly

© AP Photo / Hasan JamaliДобыча oil. Archival photoOil prices fluctuate weakly© AP Photo / Hasan Jamali

World oil prices remains favorable on Friday morning, quotes, major contracts fluctuate around zero, while investors continue to analyze the data of U.S. Department of energy on stocks and extraction of «black gold» in this country, according to the auction.

As 08.39 GMT the cost of the August futures for North sea petroleum mix of mark Brent has grown on 0,02% — to 47,87 per barrel. The price of July futures on WTI oil declined on the same a 0.02% to 45.63 per barrel.

«Crude oil prices exhibit low lows» — quotes Reuters of the Bank’s analysts Jefferies. According to them, the data came from the United States on Wednesday, now have major effect on world oil prices.

On Wednesday, the US Department of energy reported an unexpected increase in commercial oil reserves in the country in the week ending June 2, at 3.3 million barrels, or 0.6% to 513,2 million barrels. Analysts, however, believed that the reserves decreased by 3,464 million barrels, or 0.67 percent, to 506,436 million barrels.

While production in the U.S. last week, according to the Agency, decreased by 0.25%, or 24 thousand barrels per day, up to 9,318 million barrels per day.

Gasoline inventories in the U.S. rose by 3.3 million barrels, or 1.4% — to 240,3 million barrels. Analysts had expected an increase of of 0.580 million barrels. Distillate stocks increased from the figure of the previous week by 4.4 million barrels, or 3%, to 151,1 million barrels. Experts predicted an increase 0,281 million barrels.

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