Commerce at Thursday, the price of commodity exchange incorporated reachs at the price of 77.43 dollars, the price of approximant comes near the price of commerce on August 1.

In market London, day jum’at fall as of us 30 cents, so reaching level 74.47 dollars per barrel.

Following some conditions influencing the price of commodity exchange incorporated, according to some market analysts :

“Oil prices eased off a little … with investors pocketing profits after a strong rally this week,” Sucden analyst Andrey Kryuchenkov said.

“However, crude futures remain well supported, with a good potential to the upside. Fundamentally, the market is looking firm and could test its record highs.

“There is simply too much support at this moment, coming from geopolitical and supply concerns.

“Also, the Atlantic hurricane season is far from over and could have a few more surprises this autumn. The market also looks strong technically, but resistance at all time highs could prove to be strong.”

Crude futures had spiked Thursday as news of weaker US energy reserves heightened supply concerns.

The US Energy Information Administration revealed that American crude reserves tumbled by 3.9 million barrels in the week ending August 31.

That was far heavier than analysts’ consensus forecasts of a drop of 2.2 million barrels.

American gasoline inventories have meanwhile sunk by 1.5 million barrels.

The weekly US report — published one day later than normal owing to Monday’s public holiday in the United States — has stoked market jitters about the strength of global energy supplies.

Oil prices were also supported by supply threats from geopolitical tensions and expectations that OPEC will refrain from increasing output quotas at its meeting next Tuesday.

Syria said its air defences opened fire on Israeli warplanes which had violated Syrian airspace at dawn on Thursday, ratcheting up tensions between the neighboring foes in the oil-rich Middle East region.

Elsewhere, the market was tracking the threat to energy facilities from the ongoing Atlantic hurricane season. The season’s hurricanes so far have spared oil installations, although Mexican production has endured interruptions from the storm threats.

“In the coming weeks, if Middle Eastern tensions increase and this coincides with fresh hurricane warnings in the Gulf, it is easy to see Brent crude smashing through the all-time highs,” said Bank of Ireland analyst Paul Harris.

Brent’s record high stands at 78.40 dollars, which was reached in 2006.

Traders are also looking to next week’s OPEC meeting in Vienna.

OPEC member Iran on Wednesday indicated it was against any increase in the cartel’s production quota.

At its last regular meeting in March, the Organization of the Petroleum Exporting Countries decided to keep its official production quota at 25.8 million barrels of oil per day.

World oil prices had shot up Tuesday after Qatar’s energy minister said OPEC would not move next week to increase the cartel’s oil output, despite calls for the organization to respond to tight global supplies and strong energy demand.

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