Figures from The us department of energy which was laid out on Wednesday, showed a surprising fall in råoljelagrene. They fell namely by 0.6 million barrels to 468,2 million barrels, in the week up to 21. October. In advance, it was expected an increase of 2.1 million barrels, according to figures from Bloomberg courtesy of the TDN Finans.
the Surprise was especially great because the American Petroleum Institute (API) put forward the figures on Tuesday that showed that the oljelagrene had increased by 4.8 million barrels in the previous week.
If we look at why we as a lagertrekk and not a lagerøkning as the API reported, so it is prisstøttende that the main reason is the increased raffinerikjøring, type oljeanalytiker in DNB, Torbjørn Kjus in an update.
Kjus expects that the terms will continue to increase production in the coming months.
- This should support a continued increase in lagertrekkene so long as imports suddenly increases, it is called in the update.
Furthermore, the type Kjus that he believes the u.s. oil production will increase in line with increases in the number of active drilling rigs. Still think he is not this increase in production will be rapid enough to prevent the increased oil prices.
In addition to råoljelagertrekkene, draws him forward lagertrekkene for other the oljeproduktene as gasoline and a reported increase in oil demand.
all in All, this was a very bullish report compared with expectations in the market, concludes Kjus.
For the numbers popping oil prices just above $ 50 again, and Brent oil traded at the time of writing to 50,11 per barrel.
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