Oil moderately expensive on the background of a weak dollar and lower stocks in the U.S.

The cost of oil increased slightly in trading on Thursday amid falling stocks of raw materials in the U.S. and a falling dollar to the currencies in the world, according to data trading. The cost of the October futures for U.S. light crude oil WTI (Light Sweet Crude Oil) in electronic trading in New York as of 7:45 Moscow time the dollar rose 0.05, or 0.07% - up 74.72 per barrel . Spot price of North Sea petroleum mix of mark Brent at 7:53 Moscow time the dollar rose to 0,09, or 0,11% - to 77,46 per barrel.

"This is due to the continuing decline of concern about the probability of relapse of the world economy back into recession", - told the news agency Bloomberg analyst at CMC Markets Ltd. David Taylor (David Taylor). Support prices for "black gold" have data from the American Petroleum Institute, the oil reserves in the U.S. for the previous week declined by 7.31 million barrels. Nevertheless, analysts expect the U.S. Energy Ministry report on Thursday will show growth of oil reserves in the country by 1 million barrels. A weak dollar also pushed up the price of oil as an alternative site for investment. As of 7:50 Moscow time the dollar has fallen in price against the yen to 83.7 yen to the dollar against 83.92. The dollar also dropped in price to the common European currency - up to 1.2717 dollars per euro against 1.2718