OIL PRICES RISE IN EUROPE
Oil prices rose at the opening of trading on the European market on Monday following the increase in gasoline prices caused by concerns of investors about the disruption of supplies from refineries to the United States. By noon, the June futures for Brent June Brent rose 29 cents to $ 55.26 a barrel. June futures on U.S. light crude rose 29 cents to $ 55.68 a barrel. U.S. gasoline with a gain on Friday at 3.20 cents on Monday continued to grow, rising 0.5 cents to $ 1.6573 a gallon.
Despite the fact that U.S. gasoline inventories are now five per cent higher than last year, while oil reserves are at the highest level in three years, analysts have been concerned about declining fuel stocks in the U.S. last week. A number of refineries in the United States are experiencing difficulties, needing repair equipment that is also a concern of investors.
