Because of the hurricane in the US has raised concerns over possible disruptions in oil production

© RIA Novosti / Evgeny to Betemporary in fotomontaje. Archival photoBecause of the hurricane in the US has raised concerns over possible disruptions in oil production© RIA Novosti / Evgeny to Betemporary the image Bank

World oil prices continue to rise on Friday afternoon on fears of possible disruptions in production of raw materials due to hurricane Harvey in the United States, according to the auction.

As at 14.50 Moscow time the cost of October futures for North sea petroleum mix of mark Brent have grown on 0,85% — to 52.48 per barrel. The price of October futures on WTI increased by 0.78 percent to 47.8 per barrel.

Earlier Friday, the national centre for the prevention of hurricanes USA (NHC) in Miami reported that hurricane Harvey increased to the second category. The hurricane is moving Northwest and is expected to reach the coast of Texas near Corpus Christi on Friday evening or Saturday morning. Harvey may increase up to the third category and potentially become the most powerful hurricane in the U.S. over the past 12 years, since the country in 2005 was hit by the storm Katrina.

«The flooding of the refineries, damage to the infrastructure of shale oil deposits and disruptions in production in the Gulf of Mexico is likely to support quotes in the American grade WTI», — quotes Agency Reuters senior market analyst OANDA in Singapore Jeffrey Halley (Jeffrey Halley).

Later in the course of trading may affect the data of the us oil service company Baker Hughes, a GE Company (BHGE) on the number of drilling rigs in the United States for the week. At the end of the previous working week ended August 18, the number of drilling rigs in the US decreased by three, or 0.32%, to 946 units.

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