Oil prices demonstrated weakly multidirectional dynamics on Thursday

After a sharp drop in oil prices on Wednesday based on data on the unexpected increase in fuel stocks in the US, oil prices on Wednesday showed a weak multidirectional dynamics. October Brent crude oil futures by 14:49 Moscow time went up by 33 cents to 71 dollars 9 cents per barrel. The price of September futures for WTI crude oil fell 11 cents to 65 dollars 12 cents a barrel. Data on the growth of oil reserves in the United States by 6 million 810 thousand barrels, the maximum rate since March 2017, on Wednesday led to a drop in the value of Brent by more than 2%, WTI - by more than 3%. The market is supported by information on the possible resumption of negotiations between China and the United States on the situation in foreign trade.

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