Brent crude rose in price to $62.43 per barrel


Increase in oil prices was recorded after an increase in trading volatility due to the publication of a report by the US Ministry of Energy on oil reserves. The April futures for Brent crude rose in price by 0.73% and reached $62.43 per barrel. March futures for WTI crude went up by 0.65% and exceeded $54 per barrel. The Ministry of Energy published data according to which oil reserves in the United States increased by 1.26 million barrels. Experts polled by S & P expected a growth by 3.7 million barrels. Stocking terminal in Cushing rose by 1.44 million barrels. Economists had expected gasoline and distillate reserves to rise by 1.7 million barrels. Gasoline inventories increased by only 513 thousand barrels, and distillates - by 2.26 million barrels. The volume of oil production in the United States for the fourth week in a row remains at a record level of 11.9 million barrels per day. The last time oil was produced on such a scale in 1983.

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