There was a higher position in London’s market in the price of the Barel for 63 cents than in yesterday’s closing trade and amounted to 67.74 dollars. The American market was traded on the US market at a higher price, from $ 65.96.
Before the end of last week, the attention of the markets attracted signals from the organization of oil exports (OPEC) and group of alines to market additional 411 thousand barrels per day.
This would mean that the reinforcement period would be stretched on the entire summer. It seems that traders have already included such a decision in prices, so they will no longer surprise, explains Priyanka Sachdeva from the Broker’s house Phillip New, Hina transmits.
“We all tell me that more oil will arrive, but it hasn’t happened yet,” said Staunovo, “Maybe because it was spent at home,” it’s guessing.
Saudi Arabia shipped customers in June 450 thousand barrels of oil daily more than in the previous month, according to Kpler data. This means that deliveries increased the most powerful in more than a year.
But the export of the entire group from March almost stagnates, it notes apartments.
Investors worried the growth of raw oil stock in the US last week in the last week, for 3.8 million barrels, the Reuters Report of the Ministry of Energy.
The focus was also the Middle East after Iran entered into force the law that provides for the suspension of cooperation with the International Nuclear Energy Agency (IAEA).
According to the new law, the Agency will have to obtain the permission of the Supreme Council for National Security for Inspections in Iranian nuclear plants.
Tehran accuses IAEA that she provided ‘cover’ for Israeli air attacks on Iranian nuclear plants in collusion with Western countries. Attacks began only the day after the Committee of the Agency in Declaration assessed that Iran violated the obligations from the Charter on the Prohibition of Spreading Nuclear Weapons.
“The market now in the price (oil) also includes a small premium on a geopolitical risk that is made by Iran’s decision on IAEA,” Giovanni Staunovo from UBS explains.
“The move is still reflecting only the mood, not the disruptions in oil supply,” Staunovo emphasized.
The OPEC has announced separately that in Tuesday, the barrel basket oil of his members cheered 22 cents, to $ 68.06.
(Vijesti.ba)
