11:33 - 15.10.2020

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October 15, Fineko/abc.az. The benchmark oil prices are growing slightly in Thursday's trading amid the data about last week’s significant decrease in US inventories.

The American Petroleum Institute (API) informs that U.S. crude inventories fell by 5.4 million barrels in the week ended October 9. According to the API, gasoline reserves reduced by 1.5 million barrels and distillates by 3.9 million barrels. Oil reserves at the Cushing terminal grew by 2.2 million barrels.

By 9:26 am, at the London ICE Futures Exchange the Brent crude futures for December rose by $0.03 (0.07%) up to $43.35 per barrel. At the end of trading on 14 October the price of Brent crude futures for December rose by $0.87 (2.05%) up to $43.32 per barrel.

By 9:26 am, at the New York Mercantile Exchange (NYMEX) the WTI oil futures for November rose in price by $0.02 (0.05%) up to $41.06 per barrel. At the end of trading on 14 October the November WTI futures rose by $0.84 (2.1%) up to $41.04.