As Schneiderman explained, U.S. crude oil inventories fell by 9.2 million barrels this week, “while analysts had expected a decline of just 2.15 million barrels.”
“This data significantly influenced oil prices this week, as there was a significant discrepancy between expectations and actual data. Next week we will look forward to new data... For now we expect the Brent price range to be at $77-84 per barrel,” he said.
According to analyst Sidorov, on the eve of trading Brent oil rose above $82 per barrel for the first time in a month.
“In my opinion, this can be attributed to the fact that a number of oil traders refused to transport raw materials through the Suez Canal. Add to this the fact that concerns about a possible new recession due to the crisis in the Chinese stock market and the situation in the Middle East have subsided. You can also notice that on this positive news, world markets began to grow. Therefore, in my opinion, in the coming week the standard grade of oil will continue to remain around $81 per barrel and, perhaps, will show an increase of about $1-2,” he said.
Earlier it became known that the price of Brent oil on the London ICE exchange exceeded $82 per barrel for the first time since November 30.