Saturday , June 25 2022

The oil prices continue to fall



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During trading on Wednesday, the oil price brands & # 39; reference continued to decline. And if, at the end of last week, reducing the demands of China and the peaceful resolution of Khashoggi crisis have been cited as a reason, now data on unexpected growth & # 39; stocks business in the United States took in & # 39; her hands.

The futures & # 39; for January Brent on the Stock Exchange & # 39; London ICE Futures decreased by at 17:50 & # 39; 0.56 dollars (0.93%) – up to 59.65 dollars / barrel. The cost of WTI futures for the same month on the New York Mercantile Exchange (NYMEX) decreased by & # 39; $ 0.27 (0.52%) – to $ 51.29 per dollar / barrel, Interfax-Ukraine reports.

According to the Department of Energy of the United States, the oil reserves in the country the last week increased by & # 39; 3577 million barrels, to 401.5 million barrels. Thus, growth stocks continued for ten consecutive weeks. B & # 39; taking into account seasonality, the reserves are close to the average level in & # 39; five years.

At the same time, the oil production in the US has not changed, reaching around 11.7 million barrels per day (b / s), which is a record. The oil imports increased by & # 39; 608 thousand / d (8%), to 8,16 million b / d. The oil exports from the United States jumped by & # 39; 473 000 b / d (24%) – to 2,44 million b / d, a new historical maximum.

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