On the new York stock exchange, the price of oil to the closing of the session rose to $29,78

On the new York stock exchange, the price of oil to the closing of the session rose to $29,78


NEW YORK, January 22. /Corr. Igor Borisenko/. On the new York stock exchange crude oil price of WTI to the closing session on Thursday rose by 0.85% to $29,78 per barrel. Before it fell to its lowest level in 12 years – $26,76 per barrel.

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As noted by the newspaper The Wall Street Journal, the rise in oil prices on Thursday “was the most significant in the last few months and for a short time during the session, the price rose to $30 per barrel”.

Citing the opinion of experts, the publication indicates that the recovery of participants of the oil market is due to the fact that the rate of growth of commercial oil reserves in the U.S. were lower than expected last week, stockpiles rose by 4 million barrels, while the projected growth of 4.6 million barrels.

“Market participants were expecting the worst of results”, – commented the head of the Department of operations at TD Securities Bart Milik, and Scott Sheldon of the brokerage company ICLP plc indicated that even a small increase in the price of oil “may be a signal that the situation will change”.

“The market was already time for growth, says managing Director of the consulting company, Criterion Research LLC Kyle Cooper. – The market situation cannot be changed only one way, however, judging by the results of stock exchange’s transactions last days, the situation has not yet reached bottom”.