Oil rises to approximately $56 on rising refinery demand


Oil markets were firm on Monday and remained near multi-month highs reached late last week as the number of U.S. ULTRA BOOST 2017 rigs drilling for new production fell and refineries continued to start up after getting knocked out by Hurricane Harvey. U.S. West Texas Intermediate, WTI, crude futures were at 50.0 dollars per barrel at 0547 GMT, and close to the more than three-month high of 50.50 dollars reached last Thursday. asics buty Brent crude futures, benchmark for oil prices outside the United States, were at 55.71 dollars a barrel, up 9 cents and not far from the almost five- month high of 55.99 dollars touched on Thursday. Doug Baldwin Seattle Seahawks Jersey Brent was 56 dollars on Wednesday. “Demand forecasts from OPEC and IEA… continued to improve sentiment in the market. Refineries are also reporting a much better recovery from the recent hurricanes,” ANZ bank said on Monday. Jordan Jumpman Royal Dutch Shell’s Deer Park refinery in Texas was among the latest, beginning its restart on Sunday. The plant can process 325,700 barrels per day. Nike Scarpe Uomo The refinery restarts are occurring “as signs emerge of stalling growth in the U.S. Nike Dynamo Free shale industry. Womens Air Jordan 7 The number of rigs drilling for oil in the U.S. fell sharply last week,” ANZ said. U.S. new balance 998 for sale energy firms cut seven oil rigs in the week to Sept. 15, bringing the total count down to 749, the fewest since June, energy services company Baker Hughes said on Friday.