Oil quotes show a positive trend

Oil prices rose by about 1 percent, approaching to the psychological mark of $ 50 per barrel, which was associated with the expectations of the publication in the US petroleum inventories report

US Department of Energy reported that in the week ended May 20, commercial crude oil inventories fell by 4.2 million barrels, while analysts had expected a decline of 2.5 million barrels. In recent weeks, stocks fell to 80-year highs, increasing expectations about what the global excess supply may decrease. However, gasoline inventories last week rose unexpectedly, as demand declined, US Department of Energy data showed. After Memorial Day in the US should begin the season of active road trips, and a relatively low consumption can put pressure on prices. Gasoline inventories in the US rose by 2.043 million barrels to 240.111 million barrels. Distillate stocks fell by 1.284 million barrels to 150.878 million barrels. Meanwhile, oil inventories in Cushing terminal fell by 0.649 million barrels to 67.624 million. Barrels. Workload refinery in the United States decreased to 89.7% from 90.5% a week earlier. Oil in the US last week fell the 11th week in a row, reaching 8.8 million barrels per day. The peak of production was recorded in April 2015 at 9.7 million barrels a day.

Recall yesterday's report from the API revealed that US crude stocks the previous week declined by 5.137 million. Barrels, while analysts expected a decrease of 3.3 million barrels. Stocks of crude oil at the terminal in Cushing fell by 0.189 million barrels, gasoline inventories rose by 3.6 million barrels, while distillate stocks - fell by 2.9 million barrels.

"Scheduled and unscheduled interruptions of oil supplies continue to affect the dynamics of the market", - noted in the Energy Aspects. "If the current level of disruption will be kept sharp drop in crude oil stocks in storage can begin sooner than expected", - analysts say the company added.

In focus were also statements by the Minister of Energy of Qatar, Mohammed bin Saleh Al-Sada, who is also the head of OPEC. He believes that at the moment is vital minimum price of $ 65 per barrel. According to estimates, there are no oil is trading at a fair price. June 2 representatives of the member countries of OPEC will convene the next meeting in Vienna. Discussion will focus on the possibilities of raising prices and stabilize the market.

WTI for delivery in July rose to $49.06 a barrel. Brent for July rose to $49.17 a barrel.