Commercial crude oil inventories in the United States for the week ended September 2, decreased by 14.5 million barrels, said on Thursday the energy information Administration US (EIA). This is the largest reduction of stocks since the beginning of 1999 (then in week 1 of January, stocks fell to 15.2 million barrels), the statistics management.
Analysts polled by Bloomberg, predicted the weekly increase inventories by 0.9 million barrels, so the published EIA data was a surprise.
The price of oil after an exit of the American statistics jumped 4%. As at 18:50 Moscow time Brent futures rose 3.7% to $49.73 a barrel, while futures for WTI — by 3.8%, to $of 47.21.
The November contract Brent during today’s trading on the high, it did not 13 cents to a symbolic $50 a barrel.
Crude oil inventories in the US remain at record levels for this time of year, said EIA. “A large decline in stocks is only a temporary phenomenon,” said Reuters analyst at London brokerage PVM Oil Associates Tamas Varga. Last week, tropical storm Hermine barely hit the us Gulf coast, forcing them to stop as a precaution 11.5% of the production in the region.