Increase in inventories in the United States does not devalue the price of oil

As reported yesterday (6 April) by Panorama Offshore, the US oil inventories once again had increased too much higher than expected last week, however, despite this, the price of oil operated high on Thursday.

Futures contracts traded in the barrels LONDON and New York rose for the fourth consecutive day. Brent crude for June rose 0.77% on the IntercontinentalExchange (ICE), worth $ 54.78 per barrel, while WTI for May rose 0.59% on the New York Mercantile Exchange (Nymex), going to US $ 51, 45 per barrel.

The latest research from the US Energy Information Administration (EIA, its acronym in English) reported an increase of 1.57 million barrels in crude stocks on Wednesday, bringing the US total inventories to a record 535.5 million barrels.

We can only hope the progress of reserves next week. Continue following the Panorama Offshore and stay informed of all news related to the oil market, gas, energy, pre-salt, fuel, gasoline, Petrobras, onshore and offshore. Be sure to follow us and remember: your business goes through here. Check out: www.panoramaoffshore.com.br www.facebook.com/panoramaoffshore

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