On Wednesday, the oil futures of West Texas Intermediate got to the highest levels of the session after the data showed that the volume of oil in the United States declined last week for the first time in four months.
On the New York Mercantile Exchange WTI, the crude oil for June delivery reached the maximum of the day - $ 62.56 per barrel, the highest since December 10, before falling to $ 62.33 during the US morning session, rising $ 1.93, or 3 2%. Prices fluctuated at $ 62.03 on the eve of the data release on stocks of raw materials.
The US Energy Information administration in its weekly report stated that US oil stocks fell by 3.9 million barrels in the week which ended May 1, not giving credit to the forecasts about the increase of 1.5 million barrels. The report also showed that oil supplies in Cushing, Oklahoma, a key point of oil storage, fell last week by 12,000 barrels, showing a negative trend the second consecutive week.
The last week, the total US crude oil inventories amounted 487.0 million barrels.
The US crude oil futures rose by almost 40% after falling to a recent minimum on March 18 amid renewed expectations that the extraction of shale oil in the US has reached its peak and could start to decline in the coming months.
The market participants focused attention on the reduced number of drilling rigs in the last months as an indication that eventually the excess of oil supply on the market will be reduced.
On the London ICE, the Brent crude oil for June delivery rose $ 1.78, or 2.64%, getting to $ 69.31 for a barrel after jumping to a daily maximum of $ 69.60, the highest level not seen since December 5. The prices for Brent oil futures were supported amid concerns over supplies from Libya and after the Saudi Arabia boosted oil prices to buyers from Asia.
The spread between the cost of Brent and WTI contracts got to $ 6.98 per barrel compared with $ 7.12 at the close of trading on Tuesday.
Meanwhile, the index of USD, showing the ratio of the dollar against the basket of major currencies, fell 1.35% to 93.99, the lowest level since February 19