High oil due to low stocks

09/08/2016
Oil prices rose on Thursday, continuing its recent gains chain, taking advantage of the drop in US oil inventories is the largest of its kind in three decades.
Brent rose "London", for delivery in November, B76 cents, to $ 48.74 a barrel, by at 01:26 GMT, after it had risen with 72 cents last Wednesday.
US crude rose "NYMEX", for delivery in October, 85 cents, to $ 46.35, after rising in the previous session, with 67 cents.
US stocks fell, suddenly, B12.1 million barrels last week, according to Reuters quoted the American Petroleum Institute.
The forecasts suggest an increase of about 20 thousand barrels of oil to the US inventory, but the opposite is what happened.
And revived the declaration of Russia and Saudi Arabia, recently, their determination to cooperate in oil prices, amid hopes for an agreement leading to the freezing of the production ceiling.

LINK: