Poor statistics from Japan prevents growth of oil prices on global markets.
According to the report released on Wednesday, exports in Japan lost 8.1% against forecasted 2.9% slump. Exports to Europe contracted by 25.1% on annual basis. It was the most noticeable fall since 2009.
Along with this, Iranian issue pushes the prices higher. In a short term the market may be deprived of Iranian oil because Tanzania and Tuvalu announced that they are going to de-register Teheran ships.
Such decision can greatly affect exports of Iranian oil by limiting supply to Asian consumers.
For this reason Brent oil quotes together with supply in September grew up to 114.65 dollars per barrel on Wednesday. The futures contract value of WTI oil rose up to 97 dollars per barrel.
