The oil is weakly more expensive on Friday morning, Brent stays near $55,75 per barrel
Oil prices are slightly rising on Friday morning, but complete decline in the first week of the last five due to a jump in US inventories.
April contracts for Brent crude on the London ICE Futures exchange to 6:48 kV added to the price of $0,10 (0,18%) to $55,75 per barrel.
The price of WTI oil futures for March delivery in electronic trading on the new York Mercantile exchange (NYMEX) to the specified time rose to $0,07 (0,13%) to $53,43 per barrel.
In trading on Thursday, Brent fell 0.2%, to $of 55.65 per barrel, the price of WTI rose 0.5% to $53,36.
Since the beginning of the week Brent fell by 1.7%, WTI – by 0.8%.
The volume of commercial oil reserves in the U.S. last week increased by 9.5 million barrels to a record 518,12 million barrels, while gasoline inventories rose by 2.8 million barrels and also reached a historic high 259,1 million barrels, reported the Ministry of energy of the country .
Meanwhile, OPEC 90% comply with the agreement on the reduction of production that supported the oil quotes.
“OPEC measures do not allow prices to fall below $50 per barrel, says Fat Prophets analyst David Lennox. Without them, the quotes would have fallen below. Growth stocks in the U.S. are concerned about the markets.”