Rus News Journal

The prices for oil have grown more than for dollar

the Prices of the world market for oil following the results of the auctions on March, 28th 2007. 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 - 65,78 (+1,18) dollars/ barr.;
- in New York on New York Mercantile Exchange - Light, Sweet Crude Oil - 64,08 (+1,15) dollars/ barr.
Growth of oil quotations is caused by two factors. In - the first, it is fears of possible faults of delivery of oil from the Near East in connection with proceeding crisis round capture of 15 British seamen by Iran.
in - the second, the report of the Department of Energy of the USA (DOE), according to which commercial stocks of crude oil in the USA from 16 on March, 23rd 2007 has been the day before published. Have decreased on 0,9 million barr.
As a whole as of March, 23rd 2007. Stocks of crude oil and derivative energy carriers were characterised by following week changes: crude oil - stocks have decreased on 0,9 million barr. Also have made 328,4 million barr. That below an indicator for similar date of previous year on 4 %, gasolines - stocks have decreased for 0,3 million barr. Also have made 210,2 million barr. That below an indicator for similar date of previous year on 1,9 %, heavy distillates - stocks were reduced to 0,7 million barr. Also have made 118 million barr. That below an indicator for similar date of previous year on 5,1 %.
it is necessary to notice that stocks of gasolines in the USA decrease six weeks on end and have in this time decreased for 18 million barr., and the prices for gasoline have already reached record level for seven months though the active phase of an automobile season in the country will begin only in May. Stocks of heavy distillates in the USA, despite cold season end in the country, also are reduced. For last eight weeks stocks have decreased almost on 24 million barr.