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13.03.2013 15:40

Prices of oil futures rose after the data on stocks

The cost of oil has increased, rising at the same time above $ 93 per barrel, against the fact that the report from the U.S. Energy Information Administration showed an increase in oil and a significant decline in gasoline inventories last week. It became known that crude oil inventories rose by 2.6 million barrels, while reaching the level of 383.975 million barrels, while many analysts had expected an increase of about 2.3 million barrels. Also published data showed that fuel stocks fell 3.6 million barrels and distillates fell by 100,000 barrels. Add that analysts expected a decline of 1.5 million barrels in gasoline stocks and a 2 million barrel drop in distillates. We also recall that earlier this week, the American Petroleum Institute reported that crude inventories unexpectedly fell 1.4 barrels last week.

Meanwhile, we add to the dynamics of trade impact on today's announcement by the International Energy Agency, which reported that the sluggish economy continues to have a negative impact on the growth in oil consumption. We also learned that the IEA lowered its estimate of world oil consumption in Q4 2012 to 205,000 barrels a day to 90.8 million barrels a day. In addition, the IEA added that draws attention to the risks of oil production in the OPEC-related militancy in Libya and Nigeria. Note that the IEA expects oil production growth in non-OPEC production in 2013 by 1.1 million barrels a day. Also report the IEA lowered its forecast for growth in oil demand in the world in 2013 to 20,000 barrels per day to 820,000 barrels a day

April futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 93.09 dollars a barrel on the New York Mercantile Exchange.

April futures price for North Sea petroleum mix of mark Brent fell 35 cents to $ 109.22 a barrel on the London Stock Exchange ICE Futures Europe.

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