Moscow. On 26 November. Oil prices changes mixed on Thursday, with WTI more expensive for the fourth session in a row, which was not observed since April, reports Bloomberg.
Exchange USA will be closed on Thursday due to the thanksgiving celebration.
The cost of the January futures for Brent crude on London’s ICE Futures exchange to 8:40 Moscow time decreased by 4 per cent (0.09 per cent) to $LM 46.13 per barrel. By the close of market on Wednesday, the contract value increased to $0,05 (0,11%) – to $46,17 per barrel.
Futures price for WTI crude oil for January in electronic trading on the new York Mercantile exchange (NYMEX) rose to this time to $0,12 (0,28%) to $43,16 per barrel. According to the results of previous trading day, the contract rose $0,17 (0,40%), to $43,04 per barrel.
“The short-term trend of prices was upward, but oil is starting to lose momentum. Fundamental data on the oil reserves not too change indicators in the US match what we have seen in recent weeks,” said CMC Markets chief analyst RIC Spooner.
On Wednesday, oilfield services company Baker Hughes reported a decrease in the number of active drilling rigs in the United States on nine – to 555 units, the lowest level since June 2010.
However, the commercial oil reserves in the U.S. increased last week for the ninth time in a row and came close to record levels. According to the Ministry of energy of the country, reserves increased to 961 thousand barrels – up to 488,2 million barrels. In April the index reached its 490,9 million barrels, the highest mark for all the time collecting data since 1982.