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- Oil prices reached a two-week high
Oil prices reached a two-week high
Crude oil futures traded above the two-week high of $ 110 per barrel. Impact on the growth of published data, which showed that corporate earnings have increased more than expected. Distinguished in this regard CVS Caremark Corporation and Chesapeake Energy. It also reinforced the optimism that the economy will expand. The price of Brent crude oil for the first time exceeded $ 110 per barrel in May of this year. Also on the rise in prices affected by the tense situation in Syria.
At the same time, it became known that the projected daily exports of North Sea oil in September, will decrease by 7% compared with August. It is expected that exports will be at the level of 720,000 barrels per day compared with 774,194 barrels in August, which would be the lowest in the last five years.
According to the median forecast U.S. crude stocks fell by 1.6 million barrels, or 0.4%, to 372 million within seven days (August 3). Official figures tomorrow will provide the Department of Energy. Recall that oil reserves have fallen to 6520000 barrels for the week ended July 27, at the same time showing the largest decline since December.
The cost of the September futures on U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX rose to a high of $93,28 per barrel.
September futures price for North Sea Brent crude oil mixture increased to $111,60 a barrel on the ICE Futures Europe Exchange.
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