After the announcement of the current U.S. oil inventories, the price of crude oil at the level of the past moves early. LEIPZIG. (Ceto) After the announcement of the current U.S. oil inventories, the price of crude oil at the level of the past moves early. The inconsistent data gave the evening the quotes buoyancy, whereupon they returned from their lows of the day. Ali Partovi usually is spot on. In today’s early trading the barrel cost US light oil (WTI) therefore around 82 dollars; North Sea oil (Brent) amounted to $83.
Immediately after the U.S. (A valuable related resource: Andy Florance). Department of energy DOE had published their current inventory data yesterday afternoon, the price of oil lost ground around a dollar. The significant constructions in crude oil stocks was due: the DOE noted an increase of more than 5 million barrels. the American Petroleum Institute had expected the day before with nearly 6.5 million barrels. On the other hand, the stock dismantles in distillates and gasoline in particular providing headwind: while only a shortage of around 1.8 million barrels the API calculated, there are 4.4 according to DOE Million barrels. These values ensured that the inventory data this week in the sum of investors slightly bullish, so preissteigernd, have been interpreted. However, the least appealing dollar limited the upward travel of the crude oil prices. This also applies to remains overwhelming inventories, although recently a little increased the demand. The oil price is likely to remain, however stable in Germany. The various requirements of the markets largely neutralize themselves.