The price of oil on Thursday remains stable after yesterday's rise to the level of $ 102 per barrel. The current Brent quote is $101.40.
The market was supported by the official report of the US Department of Energy on crude oil reserves in the country. According to recent data, reserves decreased by 3.28 million barrels last week. At the same time, stocks at the terminal in Cushing, where oil traded on Nymex is stored, increased by 426 thousand barrels. Gasoline stocks decreased by 27 thousand barrels, distillate stocks – by 662 thousand barrels.
Oil production decreased by 100 thousand barrels per day, to 12 million b/d. At the same time, the volume of exports of oil and petroleum products exceeded 11 million barrels and reached its maximum since February 1991.
Additional support to the oil market is provided by signals of successful progress of negotiations on Iran's nuclear program. Last weekend, the United States and Iran held another meeting, which resulted in the achievement of some progress in the talks.
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