So goes it with the price of oil – Hegnar Online

Burned-the oil is Thursday morning up 0,69 per cent to 55,50 dollars a barrel, while WTI-oil rises 0,73% to 52,72 per barrel.

in comparison, a barrel Nordsjøolje traded for 54,76 per barrel by the close of business in Oslo on Wednesday.

Prices are rising thus, despite the fact that the u.s. energy statstikkfløy (EIA) on Wednesday reported a growth of 13,8 million barrels in the United states oljelagre in the course of the week until 3. February.

Analysts expected an increase of 2.5 million barrels in the same period of time, but oljeanalytiker Torbjørn Kjus of DNB Markets will find according to TDN Finans, however, other, positive aspects of uketallene from the EIA.

“This week’s statistics were negative at first glance, but the American Petroleum Institute (API) had reported even more negative numbers on Tuesday, and the market responded with an increase of around 70 cents per barrel a half an hour after the publication of the figures,” writes Kjus in a comment.

He shows the according to the news that the high lagerbyggingen due to very high import, and some speculate that the refineries import more now, before a possible new fee (Border Adjustment Tax), which will increase the cost of imported oil.

“Bensinlagrene was reduced, and the total demand was strong, and these factors removed some of the most negative impression of the numbers,” writes Kjus.

Goldman Sachs printer according to Bloomberg News in a kundenotat that the growth in the United states oljelagre not change investeringsbankens expectation that the global oil market will turn to etterspørselsovervekt in the first half of this year, as a result of produksjonskuttene to Opec and other countries.

“We do not mean that the recent, exaggerated lagerbyggingen in the united STATES avsporer our forecast of a gradual dismantling of the bearings, since the rest of the world, indeed, already shows signs of tightness. Given the relatively high fulfillment of kuttforpliktelsene to date, we believe that this importkanalen will be reversed from the march”, said the Goldman Sachs note.