The cost of December futures for North sea petroleum mix of mark Brent has grown on 0,18% – to 49,55 dollars per barrel, the price of futures for oil of mark WTI has decreased on 0,45% – to 46,38 USD per barrel.
MOSCOW, 2 Nov. World oil prices on the first day of the working week demonstrated multidirectional dynamics on the background of data on the number of working drilling rigs in the USA from Baker Hughes and weak statistics on industrial production in China, the world’s largest consumer of “black gold”, according to AFP.
As at 06.49 GMT the cost of December futures for North sea petroleum mix of mark Brent has grown on 0,18% — to 49,55 dollars per barrel, the price of futures for oil of mark WTI has decreased on 0,45% — to 46,38 USD per barrel.
As shown by the data of the American oil and gas service company Baker Hughes, total rig count in the States at the end of the working week was reduced by 12 units, or 1.52%, and amounted to 775 units. In annual terms, this figure dropped to 1154, or 59,8%.
While the number of oil rigs decreased by 16 units, or 2,69%, to 578 units, the lowest since June 2010. The number of gas rigs increased by 4 points, or 2.07%, to 197 units.
According to an independent survey Caixin and Markit Economics, the index of business activity (PMI) in the industrial sector of China in October amounted to 48.3 vs 47.2 points in September. PMI is a survey of purchasing managers in industry. Thus, the PMI index in industry of China eighth month in a row drops below the 50 point mark.
Thus, according to statistics of the State statistical Bureau of China, the PMI index in the industrial sector of the Chinese economy in October was 49.8 points, which was reduced for the third month in a row. Thus, business activity in China weakened for the third consecutive month, in August this index was 49.7 points. A value above 50 indicates growth in activity, lower — its decline.