Market Tradding on Thursday shows the price of oil to experience increase, after during eight weeks experiences degradation.

This condition caused US has increased supply of oil in country.

Following is condition of supply of oil US based on report US. Energy Departement :
crude inventories rose 1.9 million barrels to 337.1 million barrels last week, sending light sweet crude down 31 cents to $69.26 a barrel.

The weekly report also said gasoline supplies fell by 5.7 million barrels, nearly 3 percent, to 196.2 million barrels. U.S. refineries lowered production last week by 0.2 percentage points compared to the previous week, running at 91.6 percent of total capacity.

Condition of trading session in New York Mercantile Exchange, Europe and London

By midday in Europe, light, sweet crude for October delivery was up by 42 cents, selling for $69.68 a barrel in electronic trading on the New York Mercantile Exchange. October Brent crude rose 25 cents to $68.95 a barrel on the ICE Futures exchange in London.

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