World oil prices on Wednesday afternoon accelerated growth already up to 4%, markets continue to evaluate the prospects for supply and expect statistics from the United States in stocks, testifying data.
As of 16:20 Moscow time (17:20 in Baku), the price of the May futures at Brent grew by 4.07%, to $ 120.18 per barrel, May Futures on WTI – by 3.97%, to $ 113 , 61.
According to Prime, investors continue to evaluate the news related to supplies, including about interruptions with supplies in the Black Sea due to damage to the berths of the Caspian pipeline consortium (CTC). Traders also evaluate the statistics of the American Oil Institute (API) about stocks in the United States in the past week. According to the Institute, reserves in the country for the week of March 18 fell by 4.3 million barrels. Official data will publish the US Ministry of Energy later on Wednesday. Analysts believe that commercial reserves in the country rose by 0.1 million barrels.