Brent oil rose to $44,52 on General optimism markets


Moscow. November 19. Oil is rising on Thursday, following financial markets due to optimism on the U.S. economy, which supported the Protocol published on the eve of the Federal reserve system (FRS) and statements of its leaders, reports Bloomberg.

However, the data which has been ongoing for eight weeks, the growth of commodity stocks of fuel in the U.S. keep increasing.

The cost of the January futures for Brent crude on London’s ICE Futures exchange to 8:55 MSK increased by $0,38 (0,86%) to $44,52 per barrel. By the close of market on Wednesday, the quote of the contract rose by $0.57 (1,31%) – to $44,14 per barrel.

Futures price for WTI crude oil for December in electronic trading on the new York Mercantile exchange (NYMEX) rose on Thursday morning $0.19 (0.47 percent) to $40,94 per barrel. According to the results of previous trading day, the contract rose 8 cents (0.20 per cent) to $40,75 per barrel, though during the day fell below the psychologically important level of $40 per barrel.

“WTI crude oil is holding near an important support level. If it drops below $38 a barrel, you can get a nasty downward movement with a substantial drop in prices,” said analyst at Nomura Holdings in Hong Kong, Gordon Kwan.

According to the U.S. Department of energy, the oil reserves in the U.S. rose last week by 252 thousand barrels, to 487,3 million barrels.

The download oil refineries in the U.S. increased by 0.8 percentage points to 90.3% of.

A significant group of leaders of the fed are gradually inclined to increase interest rates in December, however, the unity of opinion in the Central Bank yet. The majority of participants of the October meeting considered a move to tighten policy in December, “quite possible”.