Market news
21.12.2011, 16:30

Oil rose for a third day in New York

Oil continues its week-long rise, with those of trading results on Tuesday in the price of oil is added, whiter than 3%. Today, out data on changes in crude oil reserves in the U.S. last week. Crude oil inventories, according to the EIA, declined to 10.570 million barrels, was expected to -2.290 million barrels, the previous change of -1.932 million barrels. At the same time, gasoline inventories fell last week to 0.412 million barrels, the expected 1.240 million barrels, the previous change of 3.824 million barrels, while distillate stocks last week, according to the EIA, decreased by 2.353 million barrels was expected -0.420million barrels, previous change -0.480 million barrels.

WTI crude oil has risen from the start of trading is more pronounced than the oil Brent, due in part to completion before the futures Light Sweet contract period of January, bringing the main interest focused on transactions in the environment at the February contract. The cost of the February futures on U.S. light crude oil WTI (Light Sweet Crude Oil) in trading in New York rose to 99.25 dollars per barrel.

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