Thursday 09 March 2017 time 11:25 (40 views)
Oil prices rise again in Asia
Follow-up / Sky Press ...
Oil prices rebounded on Thursday in Asia under the influence buying prices are encouraging after falling due to the large rise in US inventories.
And about 03.25 GMT time, lost the price per barrel of light oil (light sweet infraction,) US reference crude for April delivery 36 cents to 50.64 dollars in electronic trade in Asia.
Price of a barrel of Brent North Sea rose as the European benchmark oil May 46 cents delivery, to $ 53.57.
And it announced the US Department of Energy Wednesday for a weekly increase of about eight million barrels of crude oil inventory in the US which stood for weeks, unprecedented levels. Prices have dropped to their lowest level this year.
Geoffrey Haley, an analyst at Financial Group "Luanda" Saw "It's the hair that broke the camel's back, a huge number of 8.2 million barrels, compared with an expected increase of two million barrels." He added that as a result "Investors sought to survive."
For its part, saw Margaret Yang, an analyst with the group, "CMC Markets," "The US data used catalyst to fears of new excess supply, because higher prices could encourage American producers of shale oil to produce more, what could hurt efforts to (Organization of Petroleum Exporting Countries) OPEC to support prices. "
The price of light sweet crude fell 2.6 cents at the close in New York Wednesday and reached the price of $ 50.28. Brent also lost in London 2.81 cents and closed at $ 53.11.