This morning the New York futures for Brent rose by + 0.7% to 56.23 and WTI rose 0.75% to the level of 53.99. Prices for black gold rose slightly amid optimism associated with themOPEC production cut. Prices rose despite the decline in oil reserves in the United States.

Yesterday, the American Petroleum Institute reported a reduction in reserves of black gold in the United States by -0.9 million barrels, gasoline inventories -0.9 million barrels, while distillates -4.2 million barrels.