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09.05.2014 15:40

Oil: an overview of the market situation

The cost of WTI crude oil rose moderately , while Brent prices fell slightly . Such dynamics is associated with an increase in tension in Ukraine and limited supply from Libya, where recent negotiations on the resumption of oil export terminals have not yielded the desired result.

Analysts suggest that this time caused by the decision of investors' concerns of activists in eastern Ukraine , despite the appeal of Russian President Vladimir Putin to postpone the vote until a later date , to hold a referendum next weekend. Against this background, traders worried about a possible suspension of oil supplies and the introduction of new sanctions against Russia .

Meanwhile, rebels in Libya refused to recognize the country's parliament elected a new prime minister, which can aggravate the course of their negotiations with the government . In the last month they handed over to the authorities captured two of the four terminals to ship their oil, but under their control are still two key with a total capacity of about 800,000 barrels per day. Production in Libya is now about 230,000 in production capacity of 1.5 million

Oil investors are also watching the outcome of talks between Iran and world powers in respect of the disputed nuclear program .

June futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 100.76 per barrel on the New York Mercantile Exchange (NYMEX).

June futures price for North Sea Brent crude oil mixture fell $ 0.04 to $ 108.00 a barrel on the London exchange ICE Futures Europe.

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