Oil rises on declining US inventories

Oil rises in price this morning after the release of statistics on stocks in the United States. At 10:11, the price of Brent rose by 0.27%, amounting to $ 67.06, WTI added 0.15% and traded at $ 61.80. US Department of Energy report continues to push prices up by stocks released last week. According to published data, commercial stocks of black gold & quot; in the States from December 16 to December 20 decreased much more active than expected - by 5.5 million barrels. Meanwhile, analysts predicted a decrease of 1.7 million. In addition to reducing stocks, positively on price dynamics continue to be influenced by the negotiations between the US and the PRC. On last week, Beijing announced a successful telephone conversation with Washington on the first stage agreement. The signing of the document should take place in early next month. According to CMC Markets market analyst Margaret Yang, whose words are quoted by Reuters, an additional growth factor, in addition to investor optimism regarding trade deal favored by the depreciation of the dollar.