Oil prices reference marks on Friday, October 25, grew up in the Asian session.

In particular, the price of futures for Brent on London’s ICE Futures exchange reached 61.33 USD per barrel, which is 0.55% below the closing level of the previous session, according to the results of the auction.

Quotes Brent fell

ICE Futures

At the same time futures for oil WTI in electronic trading on the new York Mercantile exchange (NYMEX) rose by 0.62% to 55.88 per barrel.

WTI rose

ICE Futures

The price of Russian Urals oil rose 0.23% to 57,22 per barrel.

Quotes of Urals went up

Maanimo

Since the beginning of this week Brent has risen in price by 3.3%, WTI – by 4%.

The oil reserves in the U.S. last week fell 1.7 million barrels, was the first drop in six weeks, reported “Interfax”. Experts polled by S&P Global Platts, on average, had forecast an increase of 4.7 million barrels.

“Attention is shifting to the idea of a possible shortage of oil on the world market”, – quotes the words of economist at Oversea-Chinese Banking Corp. in Singapore, the Howie Lee Bloomberg.

As reported by OBOZREVATEL:

  • The collapse of raw materials prices in recent months has reached 10%.

  • The fall in oil prices was caused by the General negative trend on the global financial markets in connection with the deterioration of trade relations between the United States and China.

  • In particular, Washington has admitted the possibility of imposing new import duties on Chinese goods that Beijing said the depreciation of the national currency.

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