American Statistical revived Russian bid

Reduce Asian stock pads triggered the resumption of sales in the domestic market on Wednesday with the opening. Activation games down to help these American Petroleum Institute (API) to increase the reserves of crude oil in the United States at 4.1 million barrels last week, analysts with the anticipated decrease of 1.30 million according to the institute also increased stocks of gasoline and distillates. This statistics shows a weak demand for petroleum and petroleum products in the United States. As a result, quotes, oil popolzli down. September futures for the brand Light Crude oil fell below $ 66 a barrel.

After a significant decline at the opening in the afternoon, the MICEX index went into a symbolic plus. It is likely that market participants have found the majority of the securities is resold after the impressive decline on Tuesday.

This afternoon we also expects a large number of output statistics. First, it orders for durable goods and the index of applications for mortgages for the month of June. Withdrawal of positive data is able to support the market during the day. And closer to the closing of tenders will be on oil and petroleum products from International Energy Agency.

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