At the same time, a barrel of West Texas Intermediate (WTI) traded on the New York Mercantile Exchange (NYMEX) in New York, advancing 0.47%, to US $ 44.87.
Both operated in low before the DoE report, which showed that crude oil inventories in the uS fell by 3.4 million barrels in the week ended May 6, against the forecast increase of 400,000 barrels. At the same time, they dropped the gasoline and distillates reserves and, to complete the production returned to be lower for the fifth consecutive week. Brent futures shot just before closing and closed at a high of US $ 1.89, or 4.3%, to US $ 45.52 a barrel.
“The market sentiment definitely” moved away from concerns about oversupply, said Kyle Cooper, analyst at IAF Advisors in Houston.
Interruptions of supply oil from Canada, Nigeria and elsewhere also boosted prices for oil .
Canadian officials who made a quick visit to the city of Fort Murray, the Canada , where forest fires broke out and interrupted a significant production oil site, said that nearly 90% of the buildings in the area were spared from destruction by fire.
traders are also concerned with the production in Libya due social turbulence.
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