The global oil prices are a rise in news from China



The global oil prices are a rise in news from China

Photo: Getty Images

"Black gold" prices are growing

Raw Brent in London went up $ 0.64, and WTI price rose in New York $ 0.44.

World prices for measuring oil are growing substantially on business growth data in China. This will be shown with trading data on a Monday morning, April 1.

Subsequently, the futures in June for Brent on Exchange Stock London ICE Futures were received by 8:30 pm in Kiev by $ 0.64 (0.95%) – to $ 68.22 per barrel.

The WTI's future cost of the New York Trade Exchange (NYMEX) session rose $ 0.44 (0.73%) to $ 60.58 per barrel.

Therefore, the dispersal between existing contracts for the Brent and WTI badges is about $ 7.65 for Brent.

Market inspectors show that “black gold” is increasing the price against a backdrop of robust Chinese statistics – the PMDS production rate in March rose by 1.3% to 50.5%, exceeded expectations.

And on Friday it was estimated that oil output in January in the United States fell to 11.87 million barrels per day (b / b) from 11.96 million reviews in December 2018. The US Energy Information Administration. (EIA).

Also on Friday, data on US drumming activity was published from Baker Hughes. According to the report, the number of active oil rigs in the United States has been falling for a sixth week in a row and reached 816 installations last week (-8). This is the lowest rate since April 2018. The series of longest erosion is from May 2016, when eight weeks of decline has been recorded in the number of drifting drugs.

These data are marking a lower rate of oil production in the USA in 2019.

It is remembered that oil prices last week ended in fourth with an increase in nearly 10 years. This has been made possible by a reduction in OPEC + output, as well as a reduction in oil supplies from Venezuela and Iran due to US sanctions.

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