The price of benchmark crude started to fall on Wednesday


Oil prices on Wednesday accelerated their negative movement, the fears related to the approach of Hurricane Michael, which is expected to be the strongest for the state of Florida in the last 14 years, did not prevent the fall. Official data on fuel reserves in the US over the past week will be released on Thursday. Analysts expect US oil inventories to increase by 1 million 610 thousand barrels. The growth of gasoline reserves is projected at 422 thousand barrels while reducing the reserves of distillates by 1 710 thousand barrels. By 17:35 Moscow time on Wednesday, prices for December futures for Brent oil fell by 1 dollar 4 cents to 83 dollars 96 cents per barrel. WTI November futures fell 1 dollar 8 cents to 73 dollars 88 cents a barrel.

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