Oil is getting cheaper, tired of growing

Singapore (Reuters) - Oil quotes at Asian auction on Thursday dropped below $ 62 for a barrel after the day before grew to half -year peak against the background of data on reduction of black gold and gasoline in the United States before the summer vacation season. Oil reserves in the United States decreased over a week ended on May 15, by 2.1 million barrels to 368.5 million barrels, state power department of energy information (EIA) reported on Wednesday. The supply of gasoline decreased by 4.3 million barrels to 204 million barrels. Analysts expected that oil reserves would be reduced by 200,000 barrels, and gasoline reserves by 1.2 million barrels. Players in the market are waiting for the publication of data on the number of new appeals for unemployment benefits in the United States in order to understand how soon to wait for the recession in the country, which is the world's largest energy consumer. By 8.14 Moscow time, July futures on American light oil decreased by 51 centers to $ 61.53 per barrel. The day before closing in the USA they cost $ 62.04 per barrel, and after that, at electronic auction, they grew to a six -month maximum of $ 62.26 per barrel. July futures on the indicative variety of oil Brent reduced 55 cents to $ 60.04 per barrel. “The market is now inclined to grow for technical reasons: the level of $ 62 was one of the planks, and when we took it, oil began to bargain within the range of $ 55 - 62 per barrel. Now we are at a level that was expected only by the end of the year, ”Tony Newnan from Mitsubishi Corp in Tokyo said. “However, by the end of the month we may encounter contracts, since the vacation season in the United States begins only in June after the celebration of the commemoration day. Sales will be all the more actively if in reality the demand in the summer is lower than the predicted. ” (Jennifer Ten. Translated by Anna Razintseva. Editor Anton Zverev)