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Main » 2015 » November » 19 » WTI crude oil has risen in price to $ 42 per barrel
WTI crude oil has risen in price to $ 42 per barrel

Oil quotes on Thursday showing growth. However, the Texas oil rising in price much faster than the North Sea. Barrel WTI for delivery in January, offering $ 42, although yesterday a light oil was below $ 40 per barrel. Price for Brent (January contract) does not exceed $ 44.3 per barrel.



Positively on the oil market influenced protocols FOMC, from which it became clear that the probability of a rate hike in December reduced. And also took into account data on oil inventory in the US from the Energy Information Agency, according to which inventories increased by 252 th. Barrels, which is much better than expected.

However, a major correction in the market we do not expect all the same factors for the rise in prices is not sustainable. During the day trading range for North Sea oil will remain in the range of $ 43,5-45 for WTI in the hallway $ 41.5-42.5 per barrel.

A source 


Analysis Alpari
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