Oil market is inspired by perspectives of shrinking US inventories as well as by general optimism at financial market that is dominated after new trading agreement between the US and Mexico was concluded, Bloomberg reports.

While futures in New York are traded at price close to $69 per barrel, Brent oil in London exceeded $76 level. As a result, the difference in prices between two world benchmarks is the highest in more than two months.

It is expected that US inventories fell last week by 1,49 million barrels. It will be the second week of declines. One week earlier stockpiles lost 5,84 million barrels, which is higher than 2 million expected by analytics.

Among healthy demand analytics assume that oil price will be sustained at this level. However, risk, especially amid so far tense relations between the US and China, are still there.

WTI oil price with delivery in October is $68,80 per barrel. Brent is traded for $76,24 per barrel. Shanghai futures cost 512 yuan.