NEW YORK / LONDON (AP AFX) – Oil prices did not move much on Friday. At noon, prices may rise slightly. During the afternoon, they had to give up the extra fees and last changed little.
One barrel (159 liters) of North Sea Brent last cost $ 59.69. It was 22 cents less than on Thursday. However, the price of a barrel of the American West Texas Intermediate (WTI) variety increased slightly by six cents to $ 53.99.
Even on a weekly basis, oil prices moved relatively little. Only mid-week, the development of oil reserves in the US had temporarily weighed prices. In the world's largest economy, inventories have unexpectedly increased and increased concern about global oil demand.
Commodity expert Carsten Fritsch of Commerzbank explained the recent sharp rise in US crude oil stocks with a decline in crude oil treatment. This is not uncommon in the fall as the refineries did maintenance before the start of the winter season. / Jkr / he