Oil prices have moved to active growth after the fall

Oil prices have moved to active growth after the fall


The cost of the February futures for North sea petroleum mix of mark Brent grew up 38,86 USD per barrel, the price of January futures for WTI – 36,91 USD per barrel.

MOSCOW, Dec 15. World oil prices after the fall of the previous days have moved to active growth in anticipation of data on stocks of “black gold” in the USA and news from the fed, according to AFP.

As at 14.02 GMT the price of February futures for North sea petroleum mix of mark Brent has grown on 1,83% — to 38,86 USD per barrel. The price of January futures for oil of mark WTI has risen on 1,67% — to 36,91 USD per barrel. Earlier in the course of trading Brent crude jumped more than 4%, WTI – by almost 3%.

On Wednesday the U.S. Department of energy will publish data on oil reserves in the country. According to analysts, crude inventories in the U.S. for the week ending December 11 fell by 2 million barrels — up to 483,9 million barrels. Last week oil reserves in the country decreased by 3.6 million barrels — up to 485,9 million barrels.

Investors are also awaiting the December fed meeting, which will begin Tuesday. The regulator may for the first time since June 2006 to increase the base rate. This will strengthen the American currency, which, in turn, would increase the cost of oil for investors holding foreign currency.

While a weak dollar has a positive impact on the price of oil. The dollar index (the dollar against a basket of currencies of six major U.S. trading partners) as at 14.05 Moscow time fell by 0.13% to 97,47 item.