OIL is increasing in value

Oil prices are rising, but the growth is limited due to an excessive supply in commodity markets. We would to notice, that the US crude oil inventories on the last week had reached a seasonal peak in 80 years. At the same time, the supplies of gasoline and other petroleum products had decreased.

The Brent crude oil increased by 0,47 points or 0,98%, and costs more than $ 48 per barrel. The value of WTI oil rose by 0,27 points or 0,6%. One barrel of that «black gold» costs $ 45,5. A further growth is not excluded. Don't forget, that OIL is traded from 04:00 to 21:00 GMT time.