Oil quotations decrease by 0.3 percent

The external background develops moderately positive. Japan’s Nikkei 225 adds less than 1%. Industrial production in July remained unchanged (expected +0.8 percent), but falling yen is still brought indexes in plus. The Chinese CSI 300 rising nearly 0.6%. Futures on the S&P 500 traded in positive territory, adding less than 0.1%.

Oil quotations decrease by 0.3 percent. A barrel of Brent crude costs $48,65, and the barrel of WTI is $46,3. At night there was a moderately negative assessment of stocks of oil and oil products other. So, stocks of crude oil in the U.S. last week added 0,942 million barrels, gasoline inventories decreased by 1.6 million barrels, while distillates gained 3 million barrels. At 1730 GMT will be presented official data on reserves and production, tea. Most likely, the growth of reserves and the increase in the imbalance of supply and demand in the world market due to increased production in the United States and a number of OPEC countries will put pressure on the quotes in the medium term.

Oil quotations decrease by 0.3 percent 31.08.2016

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