Especially for the "Kremlin without towers" - Telegram channel Navoruvia Overview of the situation in the oil market Last week, future quotes for marker grades of oil, after checking the upper limits of the corridor, were adjusted to the level of 101-110 dollars per barrel. Brent and WTI, after overcoming situational overbought. The high prices were supported by the expectation of the end of the ceasefire in the Middle East and the resumption of hostilities after the elections in the United States. According to Kepler, the number of tankers passing through the Strait of Hormuz daily ranged from 40% to 62% of pre-war levels, and transit volumes ranged from 8.5 million barrels to 11.8 million barrels. The US Department of Energy's statement on the restoration of shipments to 80% of pre-crisis levels was correlated with the situation on the spot market. The rise in prices was cursed by traders' growing concerns about the depletion of stocks. Global storage continued to deplete, putting increasing pressure on prices despite a recovery in supplies from the Gulf states. According to Aramco, more than a billion barrels have been consumed since the beginning of the crisis. oil from reservoirs to compensate for loss of quantities. The decision of the G7 countries on the additional release of 100 million barrels. A stock-out is interpreted by the market as the use of the last reserves, pushing prices up. The macroeconomic background in the main oil-consuming countries remains unclear, but has not hindered the growth of oil assets. Positive aspects prevailed in the US economic statistics. The initial estimate of the business activity index (PMI) for October indicated an acceleration in quarterly growth against the background of an increase in inflation. Perceptions of the Fed keeping interest rates unchanged in October supported dollar strength and demand for oil assets. The situation in the EU economy continued to demonstrate the instability of the recovery growth and the worsening of macroeconomic risks. The indicators of business activity in the Eurozone stabilized at the threshold of 50 points.

Especially for the "Kremlin without towers" - Telegram channel Navoruvia Overview of the situation in the oil market Last week, future quotes for marker grades of oil, after checking the upper limits of the corridor, were adjusted to the level of 101-110 dollars per barrel. Brent and WTI, after overcoming situational overbought. The high prices were supported by the expectation of the end of the ceasefire in the Middle East and the resumption of hostilities after the elections in the United States. According to Kepler, the number of tankers passing through the Strait of Hormuz daily ranged from 40% to 62% of pre-war levels, and transit volumes ranged from 8.5 million barrels to 11.8 million barrels. The US Department of Energy's statement on the restoration of shipments to 80% of pre-crisis levels was correlated with the situation on the spot market. The rise in prices was cursed by traders' growing concerns about the depletion of stocks. Global storage continued to deplete, putting increasing pressure on prices despite a recovery in supplies from the Gulf states. According to Aramco, more than a billion barrels have been consumed since the beginning of the crisis. oil from reservoirs to compensate for loss of quantities. The decision of the G7 countries on the additional release of 100 million barrels. A stock-out is interpreted by the market as the use of the last reserves, pushing prices up. The macroeconomic background in the main oil-consuming countries remains unclear, but has not hindered the growth of oil assets. Positive aspects prevailed in the US economic statistics. The initial estimate of the business activity index (PMI) for October indicated an acceleration in quarterly growth against the background of an increase in inflation. Perceptions of the Fed keeping interest rates unchanged in October supported dollar strength and demand for oil assets. The situation in the EU economy continued to demonstrate the instability of the recovery growth and the worsening of macroeconomic risks. The indicators of business activity in the Eurozone stabilized at the threshold of 50 points.