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High oil prices to low stocks
5/13/15
BAGHDAD / Obelisk: continued oil price futures, climb in Asian trade on Wednesday, after he recorded in the previous session, the largest increase for one day in the week, supported by expectations of a fall in crude stocks in the United States for the second week in a row, with a slowdown in production.
And approached Futures US oil highs prices since the beginning of the year, after data from the American Petroleum Institute showed on Tuesday, down more than expected in crude stocks and petroleum products last week, it sparked months of low-cost reductions in shale oil production in the United States and raised global demand.
Analysts said bank Morgan Stanley in a note, "The decline in oil prices is already showing signs of stimulating demand, especially in the fuel and transport."
And it increased the Organization of Petroleum Exporting Countries (OPEC) growth forecast for global oil demand in 2015 to 1.8 million barrels per day from a previous forecast of 1.7 million barrels per day.
The price went up international Brent crude contract for June delivery June 44 cents, or about 0.66 percent to $ 67.30 a barrel at 04:40 GMT, while US crude futures rose measuring 0.59 cents or 0.97 percent to $ 61.34 a barrel.
And recorded US crude futures gain of 2.5 percent and contracts for Brent 3 percent on Tuesday it backed down the dollar and political tensions in the Middle East.
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5/13/15
BAGHDAD / Obelisk: continued oil price futures, climb in Asian trade on Wednesday, after he recorded in the previous session, the largest increase for one day in the week, supported by expectations of a fall in crude stocks in the United States for the second week in a row, with a slowdown in production.
And approached Futures US oil highs prices since the beginning of the year, after data from the American Petroleum Institute showed on Tuesday, down more than expected in crude stocks and petroleum products last week, it sparked months of low-cost reductions in shale oil production in the United States and raised global demand.
Analysts said bank Morgan Stanley in a note, "The decline in oil prices is already showing signs of stimulating demand, especially in the fuel and transport."
And it increased the Organization of Petroleum Exporting Countries (OPEC) growth forecast for global oil demand in 2015 to 1.8 million barrels per day from a previous forecast of 1.7 million barrels per day.
The price went up international Brent crude contract for June delivery June 44 cents, or about 0.66 percent to $ 67.30 a barrel at 04:40 GMT, while US crude futures rose measuring 0.59 cents or 0.97 percent to $ 61.34 a barrel.
And recorded US crude futures gain of 2.5 percent and contracts for Brent 3 percent on Tuesday it backed down the dollar and political tensions in the Middle East.
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