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Oil prices rose amid a decline in U.S. inventories

Цены на нефть выросли на фоне сокращения запасов в США

World oil prices Thursday, July 7, grow, reflecting data from the American petroleum Institute (API) on the reduction of reserves of this fuel in the United States, RIA Novosti reported with reference to the auction.

As of 07:54 GMT cost of the September futures for North sea Brent blend rose by 0.47 percent, to 49,03 dollars per barrel. The price of August futures for WTI brand grew by 0.51 per cent, to 47.67 per barrel.

According to API, the oil reserves in the U.S. for the previous week declined by 6.7 million barrels. Experts had expected a decline of 2.6 million barrels.

The price increase is also influenced by messages from Nigeria, attacks on oil facilities. On 5 July, the group “Avengers of the Niger Delta” blew up the borehole Chevron, the pipeline subsidiary of the Nigerian National Petroleum Corporation (NNPC) and two trunk lines of the pipeline NNPC.

The markets ‘ attention now turned to the upcoming Thursday publication of the data about oil stocks in the US from the energy of the country. It is expected that they fell by 2.5 million barrels to 524,1 million barrels.

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