Oil prices stable as investors assess data - 25 February 2016 - free no deposit forex bonus
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Main » 2016 » February » 25 » Oil prices stable as investors assess data
11:07
Oil prices stable as investors assess data
 
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On Thursday, oil prices showed little progress. Investors analyzed US data on oil stocks, which showed another record.

 

 

 During the trading session on NYMEX WTI crude oil futures for April delivery traded at $ 32.25 per barrel, or $ 0.10 higher.


The cost of Brent crude April delivery on the London futures exchange rose $ 0.19 to $ 34.59 per barrel.


Oil prices rose, after the US oil inventory data showed an increase in s Apasov by 3.5 million barrels for the week - less than expected. ARІ predicted an increase of 7.1 million barrels.


The cost of oil has been under pressure for almost two years due to global overproduction. Prices have fallen by almost 70%, from 2014. Many oil producers, especially in countries with high production costs in North America, are struggling for survival.


A sharp drop in oil prices has prompted many small refineries of the country urge their larger counterparts to limit production, but such calls were ignored until recently.


Price pressures were exacerbated by Iran's statement, which said it would not cut production as long as its production will not return to dosanktsionnomu level of about four million barrels per day.


The cost of reformulated fuels on the Nymex for delivery in March - the reference fuel contract - rose 26 points to $ 1.0130 a gallon, diesel oil for delivery in March traded at $ 1.0491, 103 points higher.

 

 

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