Oil traded mixed on the news from Iraqi Kurdistan

© AP Photo / Hasan JamaliДобыча oil. Archival photoOil traded mixed on the news from Iraqi Kurdistan© AP Photo / Hasan Jamali

World oil prices remains favorable on Friday morning, as traders fear the possible consequences of the situation around exports of oil from Iraqi Kurdistan and ambiguously estimate, EIA data on stocks in the United States, according to the auction.

As at 08.38 GMT the cost of December futures for North sea petroleum mix of mark Brent have grown on 0,07% — to 57.2 dollars per barrel. The price of November futures for oil of mark WTI have decreased on 0,1% — to 51,51 per barrel.

Support has the situation around the export of oil from Iraqi Kurdistan. In connection with the carrying out of a referendum on independence, Turkey announced that export oil will work exclusively with the Central government in Baghdad, reported the press service of the Prime Minister of Iraq. On Monday President Recep Tayyip Erdogan has threatened to stop the transit of oil from Kurdistan via Turkey.

In addition, investors continue to react to data of U.S. Department of energy, under which commercial oil reserves in the country (excluding strategic reserves) for the week ended September 22 fell by 1.8 million barrels, or 0.4 percent, to 471 million barrels. The analysts forecasted the growth of the 3,422 stocks in million barrels, or by 0.72% to 476,222 million barrels.

«EIA statistics put pressure on the oil quotes. … At the moment it is difficult to predict a significant reduction of oil reserves in October because of major refineries located in Port Arthur, struggling to restore production, and oil production continues to grow rapidly,» — said in the review analyst «Sberbank CIB» Michael Sheibe available to RIA Novosti.

Now market participants expect the publication of data on Friday from Baker Hughes, a GE Company (BHGE) on the dynamics of the number of drilling rigs in the U.S. for the week. Earlier, at the end of 15 September the working week, the number of drilling rigs in the U.S. decreased by eight units, or 0.85%, to 936. In annual terms, the number of drilling rigs increased by 430 points, or 1.85 times.Oil traded mixed on the news from Iraqi Kurdistan© RIA Novosti, Informaticompletion: from exploration to the consumer