Amid lower US gasoline stocks (the refining capacity declined due to Hurricane Sandy), crude oil prices grew on Tuesday.
Experts say the US gasoline stocks decline by 1.5 million barrels (0.8%) down to 198 million barrels during the last week. At the same time, gas prices increased by 1.4% up to 2,6571 per gallon.
The price of the WTI cured oil futures for December delivery increased by $3.06 up to $ 88,71/b. At the same time, the Brent crude oil futures for December delivery strengthened by $3,34 up to $111,07/b.
This morning oil prices dropped: WTI was down by $0.58 (down to $ 88.13/b) while Brent lost $0,59 (down to $ 110.48/b).
The chart below, courtesy of , reflects the current state of affairs in the market of Light Sweet Crude Oil:
