[Tokyo 29th Reuters]-US oil futures in Asia time rose slightly. Concerns about the decline in demand have eased following a sharp decline in crude oil stocks according to US government statistics. However, concerns over the slowdown of the global economy are making the market price heavy.
As of 0011GMT (9:11 am Japan time), US WTI crude futures <CLc1> is $ 0.06 (0.1%) higher per barrel = $ 55.84.
On the other hand, North Sea Brent futures are $ 60.42, down $ 0.07 (0.1%).
According to the weekly oil statistics released by the US Department of Energy's Energy Information Agency (EIA) on the 28th, crude oil inventory in the previous week decreased by about 10 million barrels, exceeding the market forecast of 2.1 million barrels. This is because imports decreased by about 15.1 million barrels per day.
Bayern Markets managing partner Steven Ines said the statistics confirmed that "coordinated cuts by the Organization of Petroleum Exporting Countries (OPEC) are actually efficacious by depleting rice inventory" .
