Oil prices up to 75 dollars per barrel in today's trading
Due to increasing expectations in the U.S. inventory
Apparently the prices of futures contracts of the U.S. crude oil rose above 75 dollars per barrel in the electronic trading today, recalling some of the predictions that oil inventories in the United States the largest consumer of energy in the world has fell for the fourth week constantly, while encouraging a sense of optimism regards the corporate profits of Asian stock markets.
During today trading, the price of U.S. crude oil (WTI) for August delivery to 75.35 dollars aper barrel, up to 40 cents, while the Brent crude rose up to 33 cents to 74.70 dollars per barrel.
A survey conducted by "Reuters" shows that U.S. crude stocks likely fell to 2 millions per barrels in the 9th week of July after tumbling to five million barrels in the previous week due to closing the production facilities and obstruction of traffic related to Alex hurricane.