Economic mirror of the day, comments

Economic mirror of the day


Oil, slightly appreciated yesterday morning, has declined by the evening, demonstrating high volatility on the expectations of OPEC + decision on the extension of the agreement on the reduction of oil production, and after the release of weekly data on reserves from the US Energy Ministry.
By the end of trading on May 24, the value of the July contract for Brent crude on the ICE Futures exchange in London fell by $ 0.19 (0.35%) to $ 53.96 per barrel.
July futures on WTI on the New York Mercantile Exchange NYMEX fell by $ 0.11 (0.21%) - and amounted to $ 51.36 per barrel.
Today, oil prices resumed growth after the first for six reduction sessions on Wednesday.
The cost of July futures for Brent crude on the London Stock Exchange ICE Futures increased by $ 0.44 (0.82%) - to $ 54.4 per barrel.
The price of the WTI futures contract for July on electronic trading in the New York Mercantile Exchange (NYMEX) rose by $ 0.39 (0.76%) to $ 51.75 per barrel.
The data of the US Energy Ministry published the day before, indicated a decrease in oil reserves in the country for the seventh consecutive week: stocks fell by 4.43 million barrels - to 516.3 million barrels. Gasoline stocks decreased by 787 thousand barrels a week, distillate stocks - by 485 thousand barrels, to the minimum level for 18 months.
At the same time, the workload of oil refineries increased to 17.4 million barrels per day (b / d), which is the second of the most significant indicators for 27 years of tracking these data.

The euro to the US dollar rose to $ 1, 1243 compared to $ 1, 1219 at the close of the previous session.
The value of the dollar against the yen at the same time increased to 111.62 yen against 111.49 yen the day before.
For the euro in the morning gave 125.47 yen compared with 125.08 yen at the close of the market on Wednesday.

Nikkei 225 gained 0.31% against the weakening of the yen. Shanghai composite is recovering after the decline. Indices of Europe in the black. DAX added 0.14%. The euro strengthens above $ 1, 12. FTSE 100 threw off 0.01%. The pound is trading slightly below $ 1.30 in anticipation of data on UK GDP dynamics.

Futures for US indices are rising after the rise in the US stock market. The dollar index fell below 97 after the publication of the minutes of the FOMC meeting.

Oil in the black on the background of the expectation of the extension of the OPEC oil pact at today's meeting. Prices for gold and industrial metals are recovering. The yield of US government bonds fell.