Wednesday, February 8, 2017

Surprisingly great lagerøkning – Hegnar Online

The numbers were an increase of around 13,8 million barrels, against an expected increase of 2.5 million barrels, according to Bloomberg and TDN Finans.

Bensinlagrene fell by 0.9 million barrels, while on the advance was expected an increase of 1.5 million barrels.

the oil price shoots up after the publication of the figures.

at the time Of writing traded dissolve 0,80 to 55,49 dollars per barrel, while WTI-oil is up 0.25 percent, at 52,30 dollars per barrel.

High import

Oljeanalytiker in DNB Torbjørn Kjus commenting that the big lagerøkningen due to very high import.

Some speculate that the terms import more now before a possible “Border Adjustment Tax” is implemented, which will increase the price of imported crude oil, he writes in a note.

He points out that it was pull in bensinlagrene and that the total demand was strong.

These factors removed some of the most bearish perception of the data, he writes.

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