The rise in oil futures contracts, Iraq, Saudi Arabia and Algeria is leading the growth of Spain's

The rise in oil futures contracts, Iraq, Saudi Arabia and Algeria is leading the growth of Spain's imports of crude

 Baghdad / term

Crude futures rose more than one percent, the end of the week, recorded their highest levels in more than a week with encouraging buyers a small down last week in US crude production and ignoring a sudden increase in crude stocks in the largest oil consumer in the world, at the time confirm reports that Iraq Saudi Arabia and Algeria is leading the growth of imports of oil from Spain last April.
According to press reports , "citing the US Energy Information Administration said crude oil inventories in the United States rose by 118 thousand barrels last week , while the production of 100 thousand barrels fell to 9.3 million barrels per day.
Oil prices rose after the Energy Information Administration report , although data showed an increase in inventories Contrary to the expectations of analysts, which was referring to a decrease of 2.6 million barrels.
it climbed International benchmark Brent crude contracts for the nearest maturity of 66 cents or the equivalent of 1.4 percent to reach at 47.31 dollars settlement barrel while US Brent crude contracts for West Texas rose median 50 cents , or 1.1 percent a Li US $ 44.74.
This is the highest closing prices for oil futures since June 16 after recording gains for a fifth consecutive session , the first time since mid - May.
The government data recently showed that the imports of Spain of crude oil rose nearly one percent on an annual basis in April last to 5.32 million tons recorded Saudi Arabia, Iraqi and Algerian cargo largest increases in percentage.
Authority on reserves of strategic energy in Spain said in a monthly published by the Middle East region has become the largest supplier of Spain in April for the first time since January 2012.otrajat shipments from OPEC countries, which atv T cut production this year, 4.4 percent to 2.538 million Tun.lkn Saudi imports rose 63.5 percent to 682 thousand tons , and imports jumped Iraq 243 percent to 495 thousand tons while Algerian shipments climbed 220 percent to 96 thousand tons.
And increased imports from non - OPEC 5.9 percent to 2.785 million tons.
Between January and April 's total imports from Spain , 1.1 percent of crude oil rose to 21.66 million tons.



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