World oil prices on Wednesday morning, rising, WTI is going up by almost 11%, according to the auction.
MOSCOW, 29 Sep — RIA Novosti. World oil prices on Wednesday morning, rising, WTI is going up by almost 11%, according to the auction.
as at 8.37 MSK June gold futures on WTI rose in price by 10.86% to 13.68 USD per barrel. The price of July futures for North sea petroleum mix of mark Brent has grown by 2.22% to 23.25 dollars per barrel, June futures for Brent — by 4.25% to 21.33 USD per barrel.
the global oil market remains high volatility. Tuesday morning drop in oil prices has reached 5-20% amid concerns over oversupply and rising stocks of raw materials.
Participants evaluated the recent API data, according to which oil reserves in the U.S. last week rose by 10 million barrels. But official data on this score the U.S. Department of energy will be published in the evening. Analysts predict that the Agency will report on the growth by 10.6 million barrels.
“a Bit of good news that may warehouses in the United States are not filled as quickly as one might think,” said to Reuters the head of research in the primary sector of the National Australia Bank Lachlan Shaw (Lachlan Shaw).
in addition, the gradual lifting of quarantine measures in several European countries and cities of the United States added to investors hopes for a recovery in demand. “Another important thing is to have more detailed information and justification of plans for removal of restrictions (because of the situation with coronavirus — ed.), especially in Europe — in countries such as Spain, France, Austria and Switzerland. This will lead to increased demand “, — added the analyst.
