Trading contracts for the supply of oil brand Brent in London, held without a significant change in quotation after gepa down in the morning. The first transaction occurred on the May futures at around U.S. $ 50.56, to $ 0.6 below the closure Tuesday. After that, the market has attempted to penetrate the U.S. $ 50 mark, but the gain was not able to lower it.
At the end of the first half of the European trading session, the near futures quotes stabilized slightly above this level, and by 15:20 in the region of U.S. $ 50.3 per barrel. A local minimum of the day was recorded at around U.S. $ 49.8, a maximum - at the level of 50.77 dollars per barrel.
The moderate decline in the oil market due to negative news background, as well as the expectations of the publication of weak quarterly reporting of leading companies. The first presented its financial results of aluminum producer Alcoa, reported on the eve of damages as a result I quarters in the amount of $ 497 million
At 18:30 Moscow time data will be published on the stocks of petroleum and petroleum products in the United States. According to analysts, U.S. Department of Energy reported an increase in commercial stocks of oil to the outcome of last week at 2.3 million barrels. Growth stocks of "black gold" a week earlier at 2.8 million barrels to 359.4 million barrels, to 15.5% above the level of stocks at the same period last year.
Prepared with input Reuters and the Associated Press
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