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The prices for oil came in plus at the expense of decrease in stocks in the USA



Oil prices moved to growth at the evening trading on Wednesday due to a reduction in the stock of raw materials in the U.S.



23.Aug.17 12:50 PM
By Daria Zaytseva
Photo Toinnov.com

   219

The prices for oil came in plus at the expense of decrease in stocks in the USA

By 17.44 GMT, futures for Brent crude oil climbed 0.56 percent to $ 52.16 per barrel.

Futures for American oil WTI by this time traded at $ 47.94 per barrel, 0.23 percent higher than the previous closing.

U.S. oil inventories declined by 3.3 million barrels to 463.17 million barrels by August 18, while analysts predicted a decline of 3.45 million barrels, the Energy Information Administration (EIA) said on Wednesday.

According to the EIA, gasoline stocks fell by 1.2 million barrels to 229.9 million barrels.

The focus of investors' attention is Libya.

Oil production in the largest Libyan field of Sharar has not yet been restored, despite yesterday's attempts to launch it, while it is unclear what prevents the recovery of production of raw materials on the site.

Attacks by armed groups on Libya's oil facilities lead to the suspension of oil production at its fields, reports on this affect the world quotes of raw materials.

The increase in the production of raw materials in Libya and Nigeria excluded from the global pact undermines the overall efforts of the OPEC oil export cartel and a number of countries outside the to equalize the balance of global supply and demand.

The next meeting of OPEC + ministers, where they will discuss the execution of the deal, is scheduled for September 22.




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