Oil prices rebounded in New York and London this week, but the situation in both markets is still fragile as to the possibilities of immediate increase, experts commented today. Although on Friday, last trading day, oil prices Texas Intermediate (WTI) in New York rose 12 cents to $ 84.03 a barrel in the period accumulated a small decline of 0.08 percent. Some analysts attributed the slight recovery of prices, after frequent falls, several factors, including the agreement that Greece managed to secure its bailout.
Others associated with the reduction in jobless claims in America. also the increase in oil demand of this country by 1.18 million barrels to complete 19.4 million units per day. no doubt favored the evolution of prices, the announcement of the Organization of Petroleum Exporting Countries (OPEC) that reduce the average daily production to 30 million barrels in order to meet quotas provided.
According to the secretary general of the group, Abdullah al-Badri, the adjustment agreement was achieved at a ministerial meeting in Vienna this week. The implementation of this measure a cut of 1.6 million barrels per day compared to the current volume of extraction of the block.
The decline in oil inventories in the U.S. in the previous week, was a driving force in the price of black gold called. In that period the stock of fuel in the U.S. stores dwindled in 191 barrels, and is now at a level of 384 million units, according to specialized media. Gasoline stocks fell 1.7 million barrels and its accumulated current is 202 million, which was interpreted as another element of encouragement to prices.This fuel closed the week at $ 2.7 per gallon of 3.78 liters, which accumulated a 0.74 percent rise on the stage.
The natural gas contract gained 7.4 percent in the period, after which were trading at $ 2.46 per thousand cubic feet. However, heating oil, which rose two cents on Friday, fired the week acumuldo a retreat of 1.12 percent. On the other hand, in the London market, the price of barrel of Brent crude, a benchmark in Europe, experienced a slight recovery, to $ 97.61 the barrel of 159 liters.