At last, oil starts rising after a week’s steady decline amid the news about increase in American oil inventories.
January Brent futures have gained by Thursday morning 12 cents or 0.19 %, at 61.99. At the end of ICE trading session on Wednesday evening, the contracts dipped by 34 cents or 0.55 %, to 61.87.
ЦDecember WTI futures, by Thursday morning, increased by 0.5 cent or 0.09, to 61.87. Besides, at the end of NYMEX trading session on Wednesday evening, contracts dropped by 37 cents or 0.66%, to 55.33.
On November 15th, Energy Information Administration of the USA released the data, showing that American crude oil inventories actually increased. Stocks of crude oil in the United States rose by 1.85 million barrels, gasoline inventories went up by 894,000 in the week ended November 10th. While S&P Global Platts experts were sure in both oil and petrol decline by 1 million barrels.