Global oil prices changes mixed statistics from the U.S.

Global oil prices changes mixed statistics from the U.S.


Commercial oil reserves in the U.S. last week rose by 3.4 million barrels. Amid reports about the cost of December futures for North sea petroleum mix of mark Brent rose to 48.7 dollar per barrel.

MOSCOW, 30 Oct. World oil prices show mixed trend on Friday amid data on US GDP for the third quarter, according to AFP.

As at 07.53 GMT the cost of December futures for North sea petroleum mix of mark Brent has grown on 0,27% — to 48.7 per barrel. The price of December futures for oil of mark WTI has decreased on 0,39% — to 45,88 dollars per barrel.

On Thursday it became known that the real GDP growth in the third quarter of 2015, according to the first estimate, amounted to 1.5% in annual terms. The data were worse than forecasts of analysts, who had expected GDP growth of 1.6%. In the second quarter the growth amounted to 3.9%.

In addition, bidders continue to play the weekly data of the Ministry of energy of the USA on stocks of oil and petrol in the country published on Wednesday. According to the Agency, crude inventories in the country over the past week rose by 3.4 million barrels. At the same time, gasoline inventories in the U.S. fell by 1.1 million barrels, while analysts expected decline to to 0.817 million barrels.

“Prices are now firmly established in the range of 43-49 per barrel, which has become essential since the beginning of September”, — quotes the words of CNBC Analytics Powerhouse David Thompson (David Thompson).