Oil rises on data, energy of the USA about growth of stocks of energy carriers, and also due to fears of a reduction in supply from Venezuela.
The world price of the reference brand of oil has accelerated the growth on Wednesday, January 30, after the U.S. Department of energy on energy stockpiles in the country, Interfax reported.
The cost of the March futures for Brent crude on London’s ICE Futures exchange rose $0,89 (1,45%) – to $62,21 per barrel.
Futures for WTI crude oil for March on the new York Mercantile exchange (NYMEX) rose by $0,89 (1,67%) to $54,20 per barrel, reaching a new high since the beginning of the year.
According to the energy Ministry, oil reserves in the U.S. last week rose by 919 thousand barrels. Experts were expecting an increase of 3.1 million barrels.
Stocks at the terminal in Cushing where NYMEX-traded oil, fell last week to 145 thousand barrels.
Reserves of gasoline in the United States declined by 2.24 million barrels, distillates – by 1.12 million barrels. Analysts predicted increase in gasoline inventories by 2.8 million barrels and inventories of distillates of 2 million barrels.
Oil production in the U.S. last week has not changed, remaining at record 1983 level of 11.9 million barrels per day (b/d).
The United States reduced oil imports by 1.11 million b/d (13.5 per cent), and imports from Saudi Arabia declined to the lowest level since Oct 2017.