World oil prices fluctuate on weak data on U.S. inventories

World oil prices fluctuate on weak data on U.S. inventories


The data on oil reserves in the U.S. caused multidirectional movement in the commodities market. As at 20.46 MSK price of the December futures for North sea petroleum mix of mark Brent fell by 0.05% to 49.3 dollars per barrel.

MOSCOW, 29 Oct. World oil prices show mixed dynamics on the background of data on stocks in the U.S., according to AFP.

As at 20.46 MSK price of the December futures for North sea petroleum mix of mark Brent fell by 0.05% to 49.3 dollars per barrel. The price of December futures for oil of mark WTI has grown on 0,37% — to 46,11 USD per barrel.

According to the U.S. Department of energy, commercial oil reserves in the country for the week ended October 23, increased by 3.4 million barrels, or 0.7%, to 480 million barrels. Analysts had expected the index will rise to 3,417 million barrels — up to 480,017 million barrels.

While oil production in the U.S. last week, according to the Ministry, declined by 0.17% or by 16 thousand barrels per day — up to 9,112 million barrels. The oil reserves in the country’s largest terminal Cushing (Cushing) decreased by 0.8 million barrels — to 53.3 million.

Gasoline inventories in the U.S. fell by 1.1 million barrels, or 0.5%, and was 218.6 million barrels. Analysts had expected lower on to 0.817 million barrels. Distillate inventories fell by 3 million barrels, or 2 percent, to 142.1 million barrels. Analysts predicted that the indicator will decrease by 1,683 million barrels.