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The price of oil has decreased significantly today in anticipation of the publication of today's reserves data from the American Petroleum Institute .
Experts believe the increase in oil immediately to 3 million barrels for the week ended April 18 - to 397.1 million barrels . This evidence may be the highest since May last year . Fuel reserves are expected to have decreased by 1.9 million barrels , distillate - 300 thousand barrels.
Investors also await the weekly Energy Information Administration report on crude oil inventories in the U.S., which will be presented on Wednesday to assess the prospects for demand the world's largest energy consumer . Analysts expect that the report will show the increase in oil inventories last week , while gasoline inventories probably reduced. Last week, the EIA reported that crude oil inventories rose more than forecast at 10.01 million barrels for the week ended April 11. It was the maximum weekly increase in U.S. oil inventories over the past 13 years.
The dynamics are also influenced by the fact that on the eve of the Iranian government confirmed the shift of some heads nuclear agency of the country , who were opposed to negotiations with the West on Iran's nuclear program .
" This is good news , which may hold prices . If negotiations are successful , the market will get more Iranian oil " - experts say .
It is also worth noting that the supply situation in the oil market remains very good, despite the missing supply from Libya. This is partly due to the increase of production in the Gulf countries and the U.S. , as well as the fact that sanctions against Iran have been weakened since November. Nevertheless , investors fear that further Western sanctions against Russia could disrupt oil supplies from the key manufacturer .
June futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 101.88 per barrel on the New York Mercantile Exchange (NYMEX).
June futures price for North Sea Brent crude oil mixture rose 95 cents to $ 108.88 a barrel on the London exchange ICE Futures Europe.
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