Oil is rising again: Brent - $66,58 per barrel, WTI –$59.75

February futures for Brent on London exchange ICE Futures rose in price by 8:20 GMT 28 Dec by $0.14 (0.21 percent) to $66,58 per barrel. The price of WTI oil futures for February on the new York Mercantile exchange (NYMEX) fell by $0,11 (0,18%) to $ 59.75 per barrel, according to Russian news Agency ANI.

Oil prices reference marks resumed its ascent on 27 December reports that production in Libya dropped below 1 million barrels per day and inventories of crude oil in the United States continued to decline.

Following the session on Tuesday, the Brent price decreased $0.58 to (0,87%), to $66,44 per barrel, WTI - at $0,33 (0,55%) to $59,64 per barrel, reports "Finmarket".

The volume of oil shipments to its largest export terminal, Libya to port of es-Cider remain 50% below the maximum capacity due to the explosion on the pipeline on December 26. The repair is expected to take about a week.

According to the American petroleum Institute (API), oil inventories in the US declined by 6 million barrels for the week ended December 22.

Over Christmas the US Department of energy will release its weekly report on inventories on a day later than usual, on Thursday. It is assumed that inventories declined by 3.97 million barrels.

Japan in November increased oil imports by 5.9% in annual terms, to 15.86 million kilolitrov, according to the Ministry of economy, trade and industry.

Trading volumes remain relatively low between Christmas and new year's holidays in the USA and Europe.

26 Dec crude oil rose sharply on the data about the explosion on the oil pipeline in Libya, in which the oil comes to the country's largest export terminal of es-Cider. The operator of the pipeline is the Waha Oil Co., a joint venture of the Libyan state-owned National Oil Corp. and the American Hess Corp., Marathon Oil Corp. and ConocoPhillips. Waha has reduced oil production by 60-70 thousand barrels per day with 260 thousand b/d.

Meanwhile, the company Ineos, the operator of the Forties, promised to restore the health of North sea oil pipeline at full capacity (450 thousand b/d) by January 1 and 2.

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