The price of oil is reduced by the restoration of refinery operations in the United States

© RIA Novosti / Vitaly to Timepiece in fotosannette the machine-rocking. Archival photoThe price of oil is reduced by the restoration of refinery operations in the United States© RIA Novosti / Vitaly to Timepiece the image Bank

World oil prices decline on Friday morning amid recovery works oil refineries in the U.S. and after another rocket launch by the DPRK, according to the auction.

As at 08.16 GMT the price of November futures for North sea petroleum mix of mark Brent has decreased on 0,34%, to 55,28 USD per barrel. The cost of the October futures for WTI crude oil fell 0.3%, to 49.74 per barrel.

The decline in world oil prices due to a gradual restoration of refinery capacity in the U.S. after hurricane «Harvey» and «Irma». Hurricane «Harvey» brought down more than a quarter of all refinery capacity in the country (almost 27%). Hurricane «Irma» called the most powerful in the Atlantic, at least over the last decade.

Investors also pay attention to the news from North Korea. On Friday morning North Korea fired another ballistic missile launch from the vicinity of Pyongyang in Japan. The rocket flew across North-Eastern Hokkaido, and fell into the Pacific ocean to 2.2 thousand kilometers from the nearest coast of Japan, Cape of Erimo on Hokkaido without causing any harm. Theoretically, such a missile launched from North Korea could reach the U.S. island of GUAM.

Central to the DPRK’s party newspaper «Rodong Sinmun» on the background of the new missile tests, said that no amount of outside pressure will not force Pyongyang to abandon the development of nuclear weapons and ballistic missiles, while maintaining hostility with the United States. Against this background, traders fear that half of the refining capacity in Asia could be at risk.

Later in the course of trading may affect the data of the us oil service company Baker Hughes, a GE Company (BHGE) according to the number of oil and gas rigs in the United States. Earlier, at the end of 8 September the working week, the rig count in the U.S. increased by one, or 0.1%, to 944 units. In annual terms, the number of drilling rigs increased by 436 units, or 1.8 times.

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