Oil prices stabilized after the jump before


Moscow. July 20. INTERFAX.RU – oil Prices reference marks Thursday vary too little and are at maximum levels for a month and a half due to positive data on stocks of fuel in the United States.

September futures for Brent crude on the London ICE Futures exchange to 8:13 Moscow time has fallen in price on $0,03 (0,06%) to $remaining 49.67 per barrel. At the auction the previous working day, their price has increased to $0,86 (1,76%), closed trading at $49,70 per barrel.

Quotes of WTI oil futures for August, which cease trading on Thursday, the electronic session of the new York Mercantile exchange (NYMEX) by this time dropped to $0,02 (0,04%) to $47,10 per barrel. At the end of the previous session, the price rose $0.72 to (1.55 per cent) and finished the day at $47,12 per barrel.

The more actively traded September contract on WTI fell by $0,03 (0,06%) to $47,29 per barrel.

As said before, the U.S. Department of energy, the oil reserves in the country last week fell by 4.73 million barrels. The consensus forecast of analysts polled by S&P Global Platts, involves the reduction of reserves of oil by 3 million barrels.

Distillate stocks fell last week by 2.14 million barrels, gasoline – by 4.44 million barrels.

Experts point out that oil imports from Saudi Arabia last week fell to 524 thousand b/d from 851 thousand b/d, hitting a new low since June 2010.

In addition, on Thursday the Minister of oil of Nigeria Emmanuel Cacique reported that the representative, Dr. Omar Farouk Ibrahim will attend a meeting of the monitoring Committee of OPEC, which will be held in Saint-Petersburg.

Nigeria, together with Libya, is exempt from participation in the agreement to limit the production and expanding the production of fuel, which has fallen in recent years due to armed attacks on objects of oil and gas infrastructure.

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