Dynamics
Quotes of the oil market on Tuesday, February 2 on the basis of trading closed with the increase in price on the back of weak U.S. dollar in the foreign exchange market, FOREX, and also because of the positive dynamics of neighboring markets and stock exchanges.

On the New York Stock Exchange NYMEH the March futures price for U.S. light crude rose by 2.80, or 3.8%, and its price was 77.23 dollars per barrel.

On the ICE exchange in London, Brent crude futures price rose 2.96, or 4.1%, to 76.07 dollars per barrel.

Causes
Tuesday, February 2 quotes in the market of "black gold" were closed with an increase in the price of the following factors: 1 - the decline of the dollar in the FOREX market against a background of increasing risk appetite after makrostatistiki and economic news (the National Realtors Association of the United States reported that the index of signed contracts for the sale of housing in December rose by 1%, although it is expected that the rate will remain unchanged), 2 - positive dynamics of the stock exchanges where shares of the U.S. grew, the index S P500 showed a maximum of two day, the growth supported by strong financial reports - Lexmark International Inc. and D.R. Horton Inc. (Dow Jones industrial average - 10296.85 (111.32, or 1.09%), Nasdaq Composite - 2190.06 (18.86, or 0.87%), SP 500 - 1103.31 (14.13, or 1.30%)), 3 - Strengthening the neighboring markets, and namely the growth of the market price of precious metals, 4 - Economic News - Weather forecasts for the Northeast U.S. suggests cooling where it is expected that in the next 10 days the temperature falls below the mean values, thereby increasing the demand for fuel.

What to expect?
The main event of today"s trading session is out of data on oil and petroleum products from the U.S. Department of Energy, which may set a further course of trading. Market participants expect to reduce stockpiles of distillates, but at the same time, expect growth stocks of gasoline and crude oil. Among distillates include heating oil and diesel fuel.

Why worry?
The main negative factors in the oil market are U.S. dollar and the technical picture, namely, psychological and technical level of $ 80 per barrel, which does not allow oil prices to go higher, thereby encouraging market participants to take profit on the open long positions.

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