Oil futures continued to rise. Brent 15-week high

By 10:00 MSK November
Brent futures are
$ 52.72 per barrel for WTI
- $ 49.59.

The main reason
Gain quotations became Hope
investors that the global
oversupply in the markets finally began
decline, and verbal intervention
Delegates Conference "Oil and Money"
in London. For the first month Brent
He passed the mark of $ 50 per
barrel. To date, the North Sea
Oil is on the 15-week high,
WTI was not as high
for 16 weeks.

However, experts
warn that too early to rejoice, because
Today, China continues to relax,
therefore, the trading volume is quite low.

Oil prices
We received additional support from an unexpected
weak US statistics on Friday: Now
chance of a rate hike
The Fed is running out, and it helps
"Black gold" to go up.

Today the market
Oil receive additional incentive
from the official release of data on stocks
Oil, which will release during
American session EIA.
Analysts expect that stocks slightly
fell. If this forecast comes true,
WTI can get
extra push upwards. In his
short oil review
Energy Information Administration
US says that the expected increase
global demand for oil up to a maximum
six years on reducing the supply of
Countries outside of OPEC. slowdown
US production is also beginning
observed.

slowdown
US production plays into the hands
OPEC members, who are trying to oust
with manufacturers market higher
even though production costs for
serious financial difficulties of their
own colleagues in the cartel.

On Tuesday
an industry conference in London a boon for the oil market were the words of the delegates of the "dramatic" decline of American
production, which could pave the
way for future spike in prices.

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