Brent rose above $48 on the data about reduction of stocks in USA


Moscow. October 28. Oil prices continue to go up on Wednesday on the data about reduction of stocks of oil products in the USA by the end of last week, reported Bloomberg.

December futures for Brent crude on London’s ICE Futures exchange to 17:35 Moscow time rose by $1,47 (3,14%) – to $48,28 per barrel.

Quotes of WTI oil futures for December trading on the new York Mercantile exchange (NYMEX) to a specified time rose to $1.64 (3,8%) to $44,84 per barrel.

According to the U.S. Department of energy, distillate inventories last week fell by 3 million barrels, gasoline – by 1.1 million barrels.

However, the oil reserves in the U.S. last week rose to 3.38 million barrels. Analysts polled by Bloomberg, expected growth by 3.5 million barrels.

Workload refineries in the country increased from 86.4 percent to 87.6%.