Brent crude exceeded $50 per barrel

Brent crude exceeded $50 per barrel


Moscow. August 18. Oil prices reference marks increase on Thursday, while Brent crude oil rose above $50 a barrel for the first time since the fifth of July.

October futures for Brent on London exchange ICE Futures at 10:08 Moscow time has added in the price $0,18 (0,36%) – to $from 50.03 per barrel.

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Quotes of WTI oil futures for November in electronic trading on the new York Mercantile exchange (NYMEX) on Thursday morning rose $0.33 to (0,71%) to $47,12 per barrel.

A positive impact on the market, in particular, provide data about fuel stocks in the United States.

According to the Ministry of energy, oil inventories last week fell by 2.51 million barrels. Earlier, the American petroleum Institute (API) reported a decrease in stocks of 1 million barrels, and analysts on average had expected a similar ratio.

The volume of oil at the terminal in Cushing where NYMEX-traded oil fell by 724 thousand barrels. In addition, gasoline inventories declined by 2.72 million barrels.

On Thursday morning it was reported that oil prices reference marks declined slightly on Thursday after Iran expressed its unwillingness to participate in a potential agreement between major producing countries to freeze production.

October futures for Brent on London’s ICE Futures exchange at 7:57 Moscow time fell in of $0.19 (0,38%) – to $from 49.66 per barrel. On Wednesday the price rose to $0,62 (or 1.26%), finishing the day at $49,85 per barrel.

Quotes of WTI oil futures for November in electronic trading on the new York Mercantile exchange (NYMEX) on Thursday morning were down $0,03 (0,06%) to $46,76 per barrel. At the end of the previous session, the contract price increased by $0,21 (0,45%) and has made on closing of $46,79 per barrel.

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