Cold weather has provoked a rise in prices for oil
Yesterday the prices for oil have risen after еру dealers have started up hearings that oil stocks focused on cold weather decrease and volumes of OPEC production are also reducing.Â
The raw material originally cost more than 1 $ barrel after the American government has informed, that stocks of raw material, gasoline, and products of distillery have raised last week. Nevertheless, the market has again exceeded above 55 $ for barrel later, provoking a big jump on Tuesday which has been caused by Bush’s plan to raise a national predicament oil stock.Â
According to the Energy Information Administration’s data, now the deliveries are above the average level of this season. The Energy Information Administration has also informed that for the last week US crude material stocks have risen from 700 000 barrels to 322.2 million barrels.Â
