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The Price of oil Brent are growing



The cost of June futures for Brent crude on London's ICE Futures exchange by 14:17 GMT rose $0,22 (0,4%) to $55,11 per barrel.



20.Apr.17 8:43 AM
By Christina Orlina
Photo Toinnov.com

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The Price of oil Brent are growing
Futures price for WTI crude oil for May in electronic trading on the New York Mercantile exchange (NYMEX) has increased by this time, $0.15 (0.29 percent) to $52,56 per barrel. In addition, market participants monitor the level of fuel stocks in the United States. According to the American petroleum Institute (API) collects information on a voluntary basis, the oil reserves in the USA decreased by 840 thousand barrels by the end of last week after falling by 2.17 million barrels at the end of the previous.

The official data of the energy will be released on Wednesday at 17:30 GMT and, as expected, it shows a decrease of inventory by 1.4 million barrels.

It is noted that, despite the decline in the results of last week, inventory levels in the United States is the highest in the history and about 100 million barrels higher than the average for this time of the year for the last 5 years. Also on Wednesday it became known that Libya sent to Italy tanker with 600 thousand barrels of oil from port of Es-Sider.



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