Oil fell in price because of the growth of stocks in the US

On Thursday, oil prices moved to a sharp decline, as market participants continued to evaluate statistics on commercial hydrocarbon reserves and oil production in the US. According to the US Department of Energy, commodity stocks of oil in the US increased by 5 million 836 thousand barrels in a week, while analysts had predicted growth of 4 million 100 thousand barrels. The reserves of gasoline fell by 3 million 165 thousand barrels. The production of oil in the US increased by 100,000 barrels per day and for the first time reached 11 million barrels per day. The price of the September futures for Brent crude by 14:39 Eastern European time fell by 82 cents to 72 dollars 8 cents per barrel. September futures for WTI oil fell by 77 cents to 66 dollars 98 cents per barrel.

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