Oil prices change in different directions

© RIA Novosti / Maxim to Bogodeeva in photobacteria oil. Archival photoOil prices change in different directions© RIA Novosti / Maxim to Bogodeeva the image Bank

World oil prices change in different directions on Friday morning, mark WTI more expensive in the correction after falling approximately 2% in the previous trading day data on stocks of petroleum products in the United States, according to the auction.

As of 8.17 MSK price of November futures for North sea petroleum mix of mark Brent has decreased on 0,04%, to 76.47 per barrel, and October futures for oil of mark WTI has grown on 0,09%, to 67,83 per barrel. A day earlier, both oil brands dropping nearly 2%.

On Thursday, the US Department of energy reported that gasoline inventories in the country for the week ended 31 August rose by 1.8 million barrels, up 234.6 million, while the expected decline of 0.8 million barrels. And distillate stocks for the week rose by 3.1 million barrels, reaching 133,1 million barrels. Projected growth of the indicator is only 0.7 million barrels.

While oil production in the U.S. last week, according to the Ministry, amounted to 11 million barrels per day, remaining at record levels. The oil reserves in the country’s largest terminal Cushing (Cushing) has increased by 0.5 million barrels to 24.8 million.

The analysts note that oil production in the U.S. is growing slower than in the beginning of the year, in the absence of buyers of this oil.

«Slow the rise of the crude oil terminal in Cushing performs minor bearish factor, and the absence of Chinese buyers of American oil leads to disappointing data on volumes of export», — results Reuters opinion of the company, partner of Again Capital Management John Kilduff (John Kilduff). «Production in the United States is growing as rapidly as it was in the beginning of the year,» adds the analyst.

Oil prices change in different directions© Infographicsrussia forces in the world oil market

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