Rus News Journal

The price for oil has risen above $40 for barrel

the Prices of the world market for oil following the results of the auctions on February, 19th 2009. At leading oil stock exchanges have considerably raised. The official prices of oil futures of the next month of delivery have made:
in London on InterContinental Exchange Futures - IPE Brent Crude - 41,99 (+2,44) dollars/ barr.; in New York on New York Mercantile Exchange - Light, Sweet Crude Oil - 39,48 (+4,86) dollars/ barr.
unexpected reduction of stocks of oil in the USA - the country remaining, despite crisis, the world`s largest consumer of oil products became the Reason of growth of quotations of futures. According to the report of the Department of Energy of the USA, commercial stocks of crude oil in the country from February, 6 till February, 13th 2009. Have decreased on 0,2 million barr. Also have made 350,6 million barr.
oil Stocks for February, 6th 2009. In the United States have reached a record indicator for 1,5 years - 350,8 million t. Experts predicted that stocks will continue growth, as demand for oil and oil products in the country more low, than year before. However the forecast has not justified, marked in the report of Minenergetiki.
As of February, 13th gasoline stocks have increased by 1,1 million barr. - to 218,7 million barr. That on 5,9 % below the same level 2008., at the same time stocks of distillates have decreased on 0,8 million barr. - to 140,8 million barr. That above the same indicator of last year on 13,2 %. Stocks of a strategic oil reserve for last week have risen on 0,1 million barr. - from 703,8 million barr. To 703,9 million barr.