World oil prices continue to rise on Wednesday due to forecasts of increasing global demand. As at 14.56 GMT, futures on the index of wide market S&P 500 grew by 0.64%, futures on the DJIA index is 0.65%.
MOSCOW, 7 Oct. Futures on U.S. stock indices rising on Wednesday after the price of “black gold”, according to AFP.
As at 14.56 GMT, futures on the index of wide market S&P 500 grew by 0.64% to 1981,25 points, futures on the DJIA index is up 0.65% to 16780 points, the index futures high-tech companies NASDAQ — on 0,85%, to 4326,5 item.
World oil prices continue to rise on Wednesday due to forecasts of increasing global demand. World oil consumption in 2016 will show a record growth in the last six years, while production in countries outside OPEC, almost stop to increase, according to the forecast of the energy information administration (EIA) U.S. Department of energy. It also predicts the decline in production in the country by the end of 2016 year to 8.9 million barrels of oil per day expected in 2015 to 9.2 million barrels.
In anticipation of release of statistics the US Department of energy American petroleum Institute (API) released its estimates of oil reserves in the country over the past week. Oil reserves in the States fell by 1.2 million barrels last week.
Against this background, shares of ExxonMobil in the previous auction grow by 1.35% to 78,94 dollar per share, and Chevron — on 1,17%, to 88,01 dollar.
The Ministry of energy of the USA will publish statistics on commercial oil stocks in the USA (excluding strategic reserves) for the week ended October 2, later on Wednesday.