Oil prices are rising after the fall because of the hurricane «Harvey»

© RIA Novosti / Vitaly to Timepiece in fotosannette the machine-rocking. Archival photoOil prices are rising after the fall because of the hurricane «Harvey»© RIA Novosti / Vitaly to Timepiece the image Bank

Oil prices rise on Thursday afternoon, gradually restoring the losses caused by the hurricane «Harvey» in the United States; investors also played statistics on stocks, according to the auction.

According to trading, as of 14.43 MSK price of November futures for North sea petroleum mix of mark Brent have grown on 0,71% — to 51,09 dollars per barrel. The price of October futures for oil of mark WTI have grown on 0,52% — to 46,20 USD per barrel. In the course of last week (before the storm), Brent crude traded within a range of about 52-53 per barrel, WTI is about 47 to 49 dollars per barrel.

Earlier this week, investors were concerned that demand for oil will decrease because of the inability to «digest» the raw material after the closure of oil refineries (refinery) in the Gulf of Mexico during the hurricane «Harvey». In the end, cheaper raw materials reached 3% since the beginning of the week.

As reported by the us Department of energy, nearly half of the volume of oil refining on the Gulf coast of Texas, or a ninth of refining capacity all of US are eliminated because of the hurricane «Harvey». National center USA for the prevention of hurricanes (NHC) said that tropical vortex «Harvey», the former hurricane is a dangerous category four tropical storm, weakened and lost the status of the storm.

Contribute to the corrective rise in oil prices and statistics of U.S. stocks. So, for the week ended 25 August, commercial oil stocks in the country (excluding strategic reserve) fell by 5.4 million barrels, or 1.2% to 457,8 million barrels, which is significantly higher forecast of 0.41%, or 1,908 million barrels.

While oil production for the period, according to the Ministry, up 0.02%, or 2 thousands of barrels a day to 9.53 million barrels per day. The oil reserves in the country’s largest terminal Cushing (Cushing) has increased by 0.7 million barrels, reaching 57,2 million barrels.Oil prices are rising after the fall because of the hurricane «Harvey»© RIA Novosti, Informaticompletion: from exploration to the consumer

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