Oil becomes more expensive on the data about reduction of stocks in USA

© AP Photo / PRNewsFoto/Redhawk Investment Group, LLC, ShutterstockДобыча oil. Archival photoOil becomes more expensive on the data about reduction of stocks in USA© AP Photo / PRNewsFoto/Redhawk Investment Group, LLC, Shutterstock

World oil prices are rising Wednesday morning on data from the American petroleum Institute (API) on the reduction of reserves of «black gold» in the United States, according to the auction.

As of 09.31 MSK price of the December futures for North sea petroleum mix of mark Brent has grown on 0,66% — to 58.3 per barrel. The price of November futures on WTI increased by 0.77% to 52,28 USD per barrel.

According to the report of API, commercial stocks of oil in the United States (excluding strategic reserves) for the week decreased by 761 thousand barrels. The analysts expected a rise of 3.4 million barrels.

In addition, investors continue to react to the statement of the Prime Minister of Turkey, Binali Yildirim on the possible termination of transit of oil from the Kurdish autonomy of Iraq in connection with the past there referendum on independence, citing concern for national security of Turkey. Then he confirmed it with Turkish leader Recep Tayyip Erdogan. In addition, Iraq also called on foreign States to stop importing oil from the Autonomous Iraqi Kurdistan.

Now traders await the release later on Wednesday official data about oil stocks in the USA from the Ministry of energy of the country. According to experts, the figure for the week ended 22 September, increased by 3,422 million barrels, or 0.72%, to 476,222 million barrels.

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Oil becomes more expensive on the data about reduction of stocks in USA© RIA Novosti, Integratiebeleid in photomontaged forces in the world oil market

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