Vitaliy Shevchenko, an analyst company UMIS
Dynamics
On Monday, the August futures WTI NYMEX, as well as the cost of oil brand Brent, finished the regular session of the growth, while establishing a sessional maximum on WTI NYMEX at 71.92 dollars per barrel.
At the New York Stock Exchange NYMEH cost of the August futures for U.S. light crude oil rose by 2.33 dollars and its price, therefore, amounted to 71.47 dollar per barrel.
At the ISE Stock Exchange in London mark Brent oil price rose by 2.07 dollars to 70.99 dollars per barrel.
Causes
Oil prices rose after reports that militants Nigerian Movement for the Liberation of Niger Delta (MEND) attacked the oil refinery Shell Forcados. In addition, the market discussing the statements of Japanese media that China will increase its strategic reserves of raw materials by 160% to 270 million barrels over the next five years. Reported that within the framework of this project, the Government intends to allocate 30 billion yuan (4.39 billion dollars) for the construction of storage facilities with a capacity of 169 million barrels.
What to expect?
This week may bring another appeasement to the market, since the tumultuous events of May, many investors are trying to fix profit, expecting less optimistic macroeconomic data, as well as the attenuation of speculative activity in the summer season.
What is fear?
new week may again be reducing prices for black gold. The reasons for this somewhat: the possibility of strengthening the dollar, the decline of tension in Iran and getting used to the problems of the market in Nigeria (four militant groups in Nigeria have given agreement in principle to the truce proposed by the authorities, which gives reason to hope for normalcy in the oil-rich Niger Delta).
With positive developments can now be placed 1030 points on an index of MICEX
Shareholders' PIK Group elected to the Board of Directors of NAFTA MOSCOW
Izhneftemash put Tatneft 850 deep rod pumps
MTS launched a 3G network in the Moscow region
When it's summer?
Russia erects barriers to the implementation of the project Nabucco
Landmarks of the week
Russia, premarket: The markets are preparing to rocket upwards
On the debt market without change: the quotes most liquid bonds first and second tier slowly the new