Moscow. December 24. Oil is rising on Thursday on the data about reduction of stocks in USA and reducing the number of drilling rigs, while WTI is preparing to finish out the week with record growth over the two months, reported Bloomberg.
February futures for Brent crude on London’s ICE Futures exchange to 17:53 Moscow time has increased in price by $0.33 (0,88%) – to $37,69 per barrel.
Quotes of WTI oil futures for February in trading on the new York Mercantile exchange (NYMEX) to a specified time rose to $0,53 (1,41%) – to $38,03 per barrel.
Since the beginning of the week Brent rose by 2.2%, WTI – by 9.5%. On Friday, all major Western markets will be closed in connection with celebrating of Catholic Christmas.
According to the U.S. Department of energy, commercial oil reserves in the country last week fell by 5.88 million barrels. The experts surveyed by Bloomberg had expected growth of 1 million barrels. The inventory level is now 484,8 million barrels, 120 million barrels above the average for this time of the year for the last five years.
Meanwhile, oilfield services company Baker Hughes reported a decrease in the number of active oil drilling rigs in the U.S. this week at three.