WTI crude oil is rising by more than 3% after a sharp decline the day before

WTI crude oil is rising by more than 3% after a sharp decline the day before


Within the correction after a sharp decline in the March futures price for North sea petroleum mix of mark Brent grew up to 30,55 USD per barrel and the price of February futures on WTI – 31,43 dollars per barrel.

MOSCOW, 14 Jan. World prices for oil on Thursday are actively growing, WTI crude oil 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 18.45 Moscow time the March futures price for North sea petroleum mix of mark Brent has grown on 1,84% — to the dollar 30,73 per barrel. The price of February futures for oil of mark WTI has grown 3.71% to 31,61 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 on the background data of the Ministry of energy of the USA on stocks of “black gold” in the country.

According to yesterday’s API report, oil reserves 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.

Oil production in the U.S. last week, according to the Ministry, increased by 0.08%, or 8 thousand barrels per day — up to 9,227 million barrels per day. The oil reserves in the country’s largest terminal Cushing (Cushing) has increased by 0.1 million barrels — up to 64 million barrels. After the publication of statistics, the price of oil Brent for the first time since February 2004 fell below $ 30 per barrel.