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Oil is rising on the anticipation data the U.S. Department of energy

According to analysts, the oil reserves in the country rose last week by 1.5 million barrels.

26.Apr.16 11:22 AM
By Svetlana Siuhina


Oil is rising on the anticipation data the U.S. Department of energy
The price of oil is rising Monday in anticipation of the publication of the U.S. Department of energy data on stocks of fuel in the country amid the sagging dollar.

So, on Tuesday, the June futures on the mark Brent on London exchange ICE at 7:55 Moscow time has risen to $44,60 per barrel, while WTI crude oil rose to $42,92 per barrel.
Experts also believe that the us Federal reserve (the fed) do not make changes in monetary policy that weakens the dollar and, in turn, has an impact on the growth of the world prices for oil.

According to analyst GK TeleTrade Alexander Egorov, the reaction to today's regular weekly report from the American petroleum Institute, reserves of raw materials can lead to increased activity in the oil market: "financial market Participants also expect the results of the two-day U.S. Federal reserve meeting that starts today. The tone of the statement of the regulator may affect the position of American currency, which will be reflected in oil prices, and the dynamics of exchange rates on the local market. The most probable trading range for the day will be 65,50 -67,00 rubles per dollar".

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