Oil jumps and Brent record $ 50 with falling imports of US Gulf

Twilight News / oil prices surged more than four percent on Thursday and touched Brent $ 50 a barrel briefly for the first time in two weeks after data showed a decline big unexpected in crude stocks in the United States with the decline in imports to the US Gulf coast, a record high.
And increased global London Brent crude $ 2.01, or 4.2 percent, to reach a settlement at US $ 49.99 a barrel, its highest closing level in nearly three weeks. US crude closed up $ 2.12, or 4.7 percent, to $ 47.62 a barrel to a record futures crude biggest daily percentage gains since April.
The US Energy Information Administration said crude oil inventories in the United States fell 14.5 million barrels last week to 511.4 million barrels recorded its biggest weekly drop since January January 1999 compared to the expectations of an increase of 225 thousand barrels. And it decreased imports into the US Gulf Coast to reach 2.5 million barrels per day, the lowest level recorded since the start of data collection in 1990. Traders said imports fell with delayed shipments of some ships unloading in Texas and Louisiana because of Tropical Storm Herrman. Herrman and threatened to storm the refining center of American Gulf Coast last week and brought to a halt some oil production in the United States and the reduction of imports and shipping, but did not damage the facilities of the Gulf at the end. It jumped gasoline futures more than five percent after the publication of the inventory data with the support of low stocks larger than expected pace and higher refinery runs in the Midwest area rate, according to some traders.