Oil prices continue to rise on Monday after reports that the pipeline Canada - USA, Canadian-owned Enbridge Energy Partners LP, is still not working, reports Dow Jones.
The cost of the October oil futures WTI (Light Sweet Crude Oil) in electronic trading in New York as of 18:30 Moscow time increased by 1.49 dollar per barrel, or 2.0% - to 77.94. Spot price of Brent crude to 18:39 Moscow time the dollar rose to 1,06, or 1,4% - to 78.65.
Following Friday October futures price U.S. light crude oil WTI stood at 76.45 dollars per barrel.
On Friday, U.S. media reported that the Enbridge Energy after small oil spills in the territory of Illinois, stopped pumping on the pipeline Line 6A, which delivers 670 thousand barrels per day from Canada to refineries in the U.S..
The pipeline - one of the most important links between production at oil sands of Canada and U.S. refiners. Deliveries for about 3% of the total fuel demand in the U.S..
The jump in prices reflects the fact that oil refineries in the western United States think about the possibility of replacing oil supplies, according to market participants. October futures rise in price faster than November, as demand is growing for the next time of delivery. However, due to the high level of stocks of raw materials for the country overall effect of the closure of the pipeline will be short-term, says Dow Jones.
"As soon as the incident will be settled, I think, will be active sale (fyuchersov. - approx. Ed.). At some point, prices will go down when people realize that there are other sources of oil to these refineries, "- said an analyst at Vantage Trading Tim Jennings (Tim Jennings).
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