Oil continued to decline based on data on reserves in the US

On Thursday, oil prices continued to decline based on data on the unexpected growth of commercial inventories in the US. According to official data, last week commodity stocks of oil in the US increased by 3 million 800 thousand barrels, while analysts had predicted their decrease by 2 million 400 thousand barrels. At the same time, oil reserves at the terminal in Cushing fell to a minimum since 2014. The production of oil fell by 100,000 barrels per day. By 14:57 Moscow time, October futures for Brent crude fell 34 cents to 72 dollars 5 cents a barrel. The price of the September contract for WTI oil fell by 54 dollars to 67 dollars 12 cents per barrel.

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