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World prices for oil have sharply risen
2 June 2007According to the results of the tenders on June, 1st 2007, prices of the world market for oil have considerably raised at leading oil stock exchanges.
The official prices for oil futures of the nearest month of delivery have made: - 69,07 (+1,03) doll./bar.- in London on InterContinental Exchange Futures - IPE Brent Crude and 65,08 (+1,07) doll./bar - in New York on New York Mercantile Exchange - Light, Sweet Crude Oil.
Growth of quotations Light Sweet proceeded under influence of the reduction first for six weeks in the USA of stocks of crude oil. We shall remind, that as comparing with May, 25th, 2007, stocks of crude oil in the USA have unexpectedly decreased for a week for 2 million bar.
Unexpected reduction of stocks of crude oil in the USA promoted formation of expectations of reduction of its stocks on terminal Cushing in Oklahoma, as it has caused growth of Light Sweet quotations.
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