Brent oil followed WTI is rising by more than 3% within the correction


As at 22.01 GMT, the March futures price for North sea petroleum mix of mark Brent has grown on 2,67% – to 30,98 USD per barrel, however, previously it was growing by more than 3%, to reach 31,19 USD per barrel.

MOSCOW, 14 Jan. World prices for oil on Thursday grow actively, Brent oil followed WTI is rising by more than 3% within the correction after a sharp decline the day before on data from the U.S. Department of energy about increase of reserves of raw materials in the country, according to AFP.

As at 22.01 GMT, the March futures price for North sea petroleum mix of mark Brent has grown on 2,67% — to 30,98 USD per barrel, however, previously it was growing by more than 3%, to reach 31,19 USD per barrel. The price of February futures for oil of mark WTI has grown on 3,38% — to 31,51 USD per barrel.

In the course of trading environment, oil prices fell more than 3%. Thus, the price of oil Brent for the first time since February 2004 fell below $ 30 per barrel.

According published on Wednesday the report of API, oil stocks in the U.S. fell last week by 3.9 million barrels, while analysts, on the contrary, had expected growth to 2 million barrels. Later data released by the U.S. Department of energy, commercial oil reserves in the United States (excluding strategic reserves) for the week ending January 8, increased by 0.2 million barrels to fixing 482.6 mm million barrels. The analysts believed that the index will increase by 2,504 million barrels — up to 484,804 million barrels.

An increase in the cost of “black gold” also helped investors closing short positions. This is due to the fact that the expiration of the futures for oil of mark WTI will end later Thursday. “Given the fact that today, February futures will complete his term, I can’t help but notice that 30 dollars per barrel get the largest open interest”, — quotes Reuters the words of the broker for Liquidity Energy in new York Peter Donovan (Peter Donovan).