Oil price may increase again affected by the data of the American petroleum institute

/IRBIS, Nov.1, 00/ - American petroleum institute (API) published the information regarding the volumes of oil products in oil reserves of the USA, informs the Moscow agency AK&M. By the data of the API, the volumes decreased by 0.3% instead of anticipated growth. These data became an unexpected news for the analysts. The markets reacted adequately on the information, and after a decrease in December futures price down to $30.76 per barrel at IPE (London), observed yesterday, its price got back to $31.30 at 11:40 GMT, which is higher than Monday closing. Analysts believe that the increase in oil production quota, taken by the OPEC, will be unnoticed, and on the contrary, the prices may go up again to the maximum.