Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 10, 2013 14:47:28

Oil halted a two-day growth in response to record high reserves

ColosseumOil reserves are the highest since 1981. Total compared to the previous week rose by 5.1 million barrels to 391 million barrels. Oil supplies rose by 1.5 million barrels. Oil imports to China fell to its lowest level in six months. Despite the current high inventories and weak demand increased agency EIA your assumption of the average price in 2013 of two U.S. dollars to 93.92 U.S. dollars a barrel. Continue according to the EIA will reduce the price difference WTI and Brent ropovodům with new and enlarged the capacity of the rail network. Chart 1: Oil reserves in the United States in millions of barrels (Source: Bloomberg) and # 160; Figure 2: Price of crude oil on the New York Stock Exchange in the U.S. per barrel (Source: Bloomberg) and # 160;

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