
Syrian Oil and Gaz News
Oil exceeds 39 $ after U.S. inventory data
U.S. light crude prices rose more than 5 $ Thursday, affected by a U.S. official showed commercial crude stocks decline abruptly last week.
The price of U.S. crude in future contracts for next March delivery up 5.23 dollars to 39.85 dollars per barrel.
The U.S. crude oil fell in the past two days, about 7%, down a barrel to below 35 $, influenced by concerns about global demand due to the repercussions of the global financial crisis.
Reuters news agency quoted sources as saying that “reports of a decline in America’s imports of oil last week may be a sign that the reductions in the supply of Organization of Petroleum Exporting Countries, OPEC may have begun to halt the increase in U.S. stockpiles,” he said.
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