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Oil prices rose modestly , rising at the same time above $ 110 per barrel , due to the fiscal crisis in the United States . Add that many market participants are waiting for the publication of statistics on the dynamics of wholesale inventories of raw materials in the United States this week from the American Petroleum Institute (API).
Analysts surveyed by Platts, predict that commercial oil stocks for the week ended Oct. 4 , rose by 2.2 million barrels, while stocks of fuel - by 1.3 million barrels, almost twice the average rate for the five years the U.S. Department of Energy .
It should also be noted that the dynamics of the trade publication reflected the Chinese data. According to the latest data, which were published today HSBC / Markit Economics, at the end of last month, the growth in the Chinese non-manufacturing sector slowed slightly , against which the rate of expansion were still below its long-run trend.
According to the report , the index of business activity in the services sector fell in September to the level of 52.4 points, compared with 52.8 points in August. However, in spite of the deterioration , the index still remains above the 50-point mark that separates expansion from reduced activity . In addition, it was reported that the composite activity index , which covers the manufacturing sector and the service sector , fell to 51.2 , down from 51.8 in August.
In contrast to the results of research HSBC / Markit Economics, a formal review of the China Federation of Logistics and Purchasing showed that the non-manufacturing purchasing managers' index , which includes the services and construction, rose to a 6 -month high in September , reaching at this level 55 , 4 points.
In addition, we add that , in spite of the partial termination of the government , tomorrow U.S. Energy Information Administration is expected to release its data on oil .
The cost of the November futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 103.63 a barrel on the New York Mercantile Exchange.
November futures price for North Sea Brent crude oil mixture rose 70 cents to $ 110.30 a barrel on the London exchange ICE Futures Europe.
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