Oil prices rose based on data on the reduction in stocks in the US

On Wednesday, oil prices accelerated their growth, reaching maximum marks for the week, based on data on a sharp decline in US fuel inventories. As reported by the American Petroleum Institute, last week, oil reserves in the US fell by 5 million 170 thousand barrels. Additional support for the oil market was the weakening of the US dollar, which increases the return on investments into assets denominated in US currency. October futures for Brent crude on Wednesday at 13:42 Moscow time went up by 1 dollar 1 cent to 73 dollars 64 cents per barrel. The price of the October WTI oil futures rose 85 cents to 66 dollars 69 cents per barrel.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong