The price of oil has grown considerably today , rising at the same time to $ 95 (WTI) and $ 106 (Brent), which was associated with an unexpectedly large drop in gasoline inventories in the United States, and the concerns about reduced supplies from Libya.

Note that the data of the Department of Energy on changes in stocks in the U.S. for the week October 27 - November 2 showed that:

- Oil stocks rose 1.577 million barrels to 385.448 million barrels ;

- Gasoline inventories decreased by 3,755 million barrels . to 210.036 million barrels . ;

- Distillate stocks fell 4.899 million barrels . to 117.817 million barrels .

- Refining capacity utilization rate of 86.8 % versus 87.3 % a week earlier .

We also add that according to preliminary data analysis organization , " American Petroleum Institute " (API), which came out yesterday, commercial crude oil inventories in the United States on the basis of the reporting week ending November 1 , increased by 871 thousand barrels per day . , While the industry experts forecast a week before the rise in oil inventories at 2.4-2.6 million barrels.

According to analysts , the overall picture is still negative for oil , given the low level of demand, especially in Europe.

Meanwhile , we note that the increase in oil prices today are also due to the active technical purchases of oil futures , which on the eve of significantly dropped in price , providing favorable conditions for opening long positions.

In addition, the rise in the cost of oil to maintain a positive macroeconomic data from the euro zone . The composite index of business activity in the region , in the final assessment in October fell to 51.9 points from 52.2 points in September , when the figure stood at the highest in more than two years level. However, the data were better than analysts' forecasts , which believed that the rate will remain at the level of the initial assessment of 51.5 points.

The cost of the December futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 94.95 a barrel on the New York Mercantile Exchange.

December futures price for North Sea Brent crude oil mixture rose $ 0.37 to $ 106.01 a barrel on the London exchange ICE Futures Europe.