Oil can fall in price next week because of an increase of fuel in the U.S.

price of oil could decline up to next week due to an increase in U.S. fuel supplies and reduce demand below the level for the same period last year, reported Bloomberg.

Seventeen of 43, or 40%, participated in a survey of analysts expect to reduce the cost of oil and 14 (33%) - increase. Another 12 respondents do not expect significant changes.

commercial oil in the U.S. last week rose by 2.32 million barrels (0,71%) - up to 328.994 million barrels. As stated in the weekly report of U.S. Department of Energy, published on Wednesday, gasoline inventories fell 1.31 million barrels (0,57%) and amounted to 228.121 million barrels.

Commercial stocks of distillates fell by 948 thousand barrels (0.6%), reaching 156.548 million barrels.

experts expect an increase in oil reserves by 400 thousand barrels, gasoline inventories - by 1.4 million barrels and distillate stocks reduce by 1.15 million barrels.

"Weekly data on stocks may lead to the fact that market participants would be afraid of the next increase of oil" - said President Prestige Economics Jason Schenker.

Oil for delivery in March fell by slightly from last week - up to $ 72.74 a barrel on Friday compared with $ 72.89 for the closing of trading on January 29. Compared to February last year, oil prices rose by 81%.

Most analysts expect a decrease in oil prices up last week, and their prediction come true.

Quick revaluation of the yuan adversely affect the economy of China
Drivers can pay fines via terminals in patrol cars
86% of the producers of meat products worked with violations
Fitch: Most of the rating actions on banks were positive in 4 square meters. 200b8b9
The student, who introduced the platform Fynanz, received 6.5 million dollars
Obama has pledged $ 30 billion for lending to small business
Bankers promised to resume lending in the spring

First, the granting of loans to be thawed for corporate clients ...

The stock market capped a week of fall to the levels of the end of December - in the region 1400 points on the RTS
USA: the markets jumped on the "hanging flags" ...

Leave a comment