The price of the futures on Brent crude oil for September on the London ICE Futures exchange rose 0.5% to $47.39 per barrel. According to “Interfax”, the price of oil continues to grow on the data about stocks of raw materials in the American market, which showed a decline for the 9th consecutive week. Negatively on the market influenced by the increase in stocks of petroleum products, despite the peak season of road trips in the United States, as well as the upward trend of oil production in the United States.
According to the US Department of energy said crude inventories for the week ended 15 July decreased by 2.34 million barrels, the Agency said, adding that the energy Ministry data coincided with a report by the American petroleum Institute, who the day before reported a decrease of oil reserves in the U.S. for the week by 2.3 million barrels.
