Brent oil price trading results lost 1.8%

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The price of Brent crude oil has fallen relative to the previous close of 1.8% to 59,86 dollars per barrel.
The market of “black gold” adjusted down after yesterday’s jump of oil to the highs since the beginning of August to above $ 62 per barrel. On the eve of investors with optimism have played the weekly data of US Department of energy on the reduction of oil reserves in the country at 4.8 million barrels in the experts ‘ forecasts about the decline of 2.5 million barrels.
Gasoline inventories fell 2.4 million barrels while expectations for a decline of 1.5 million barrels, distillate stocks – by 2.5 million barrels while expectations for a 0.5 million. Oil production in the U.S. for the week decreased by 100 thousand barrels to 12.4 million barrels per day. The oil reserves in the country’s largest terminal Cushing (Cushing) decreased by 0.3 million barrels to 40.1 million. The terminal provides the NYMEX.
Before the weekend market players in a hurry to fix short-term profit to hedge geopolitical risks increased in oil sector lately.
Meanwhile, ExxonMobil decided to sell all oil and gas assets in Norway for a total value of about $ 4 billion. Among them minority stakes in 20 fields.
The Euro against the dollar continued to rise, trying to stay above the level of $ 1.1. Pressure on the American currency have weak data on the US labor market. The number of jobs in August in the non-agricultural sectors of the economy, according to the labor Ministry of the USA, increased by 130 thousand, although experts expected a rise of 160 thousand. The unemployment rate is thus expected kept at the level of the previous month at 3.7%.
As a result, 16.14 GMT the Euro exchange rate increased from the start of trading on the last fixing by 0.2% to 1,1052 dollar.
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Valery Polkhovsky,
Financial scout,
Forex Club