Oil rises in price on data on reserves

Oil prices rise this morning - as of 9:35 am Brent rose 1.08% to $ 57.20, WTI 0.98% to $ 53.73. The positive dynamics was supported by the report on oil reserves in United States, published API. According to the institute, in the previous week, stocks fell by 5.82 million barrels. This far exceeded analysts' expectations. predicted this figure at 2.7 million US Department of Energy will publish its report later today - according to analysts, it calculations will show a decrease in reserves by 2.26 million barrels. Since the beginning of the year, oil has been steadily increasing in price, which is facilitated by falling dollar. However, experts warn that the risks to investors are still present in the market, despite the steady dynamics. In particular, this is an opportunity to increase production by oil producers driven by low inventories and growth prices. According to Stephen Inness, the greatest risk right now is represents how American shale producers will behave, reports Reuters agency.