Oil Stock Preview

U.S. crude oil futures prices closed up at the close of trade Thursday before Christmasin the us, although the oversupply depresses global markets as signs of tightening in the United States.

A rise in U.S. crude oil prices supported the fall inventory reduction, repeal the ban of drilling and crude oil exports most of the U.S., which has pushed U.S. crude oil is higher than the global oil benchmark Brent for the first time in about a year.

The price of crude oil futures of West Texas Intermediate (WTI) March contract to rise 60 cents, or 1.6 percent, at 38.10 dollars per barrel, registered a rise of 9 percent in this week, the biggest weekly rise since overcoming early October.

While oil prices berjangkan Brent climbed 52 cents to 37.88 dollars per barrel.

Meanwhile Goldman Sachs proclaimed count of refineries is currently pointing to a declining U.S. production sequence between Q2-Q4 until 2015-2015 with 320,000 barrels per day.

Next year, the excess supply is expected to be smaller because the world demand to rise and the fall of prices led to lower production from some countries outside OPEC, but there has been no signs that OPEC itself ready to lower the supply, which is likely to increase when the sanctions against Iran were lifted.

Crude oil prices gained support from the results of the latest US inventories on Wednesday. Crude oil inventories are predicted to ascending, ternayat descending 5,880,000 barrels, the Energy Information Administration said.

Tightening physical market occurs when the US company energy group Vitol oil trade and the pursuit to exploit oil in the end of the ban on exports of crude oil, with cargo load 600,000 barrels of crude oil which is scheduled for the first week of January, reportedly heading for Europe, even though Asian buyers may also be interested in cargo.

Baker Hughes reported that u.s. oil pengebor reduce the amount of new refineries for the fifth week in the last six weeks, a sign that the low price limit activity and can slow down production.