Oil prices are trying to rise on Wednesday evening after the data of the Ministry of energy of the USA about reduction of oil reserves in the country.
According to 17:55 MSK futures price for oil of the reference Brent crude for August on the London ICE Futures exchange reached $of 49.37 per barrel, which, however, is 0.92% lower than the previous session. The cost of the July futures contracts for WTI crude oil during trading on the new York Mercantile exchange (NYMEX) decreased by this time by 0.45% to $48,27 per barrel, reports “Interfax”.
Earlier in the session Brent sank to $48,67 per barrel, WTI — up to $47,55 per barrel.
As noted by PRIME, commercial oil stocks in the United States (excluding strategic reserves) for the week ended 10 June, decreased by 0.9 million barrels, or 0.2%, to 531,5 million barrels. Analysts believed that stocks for the week ended 10 June, decreased by 2.26 million to 530,24 million barrels.
At the same time stocks of gasoline in the U.S. fell by 2.6 million barrels to 237 million barrels and distillate stocks rose 0.8 million barrels to 152,2 million barrels. Analysts had expected that the first indicator will be reduced by 0,243 million barrels, and the second — on 0.249 V. million barrels.