11:18 - 22.10.2020

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October 22, Fineko/abc.az. The benchmark oil prices continued to decline in Thursday’s trading after their drop the day before amid the data from the U.S. Department of Energy about the growth of gasoline stocks in the country.

By 9:32 am, at the London ICE Futures Exchange the Brent crude futures for December fell by $0.20 (0.48%) to $41.53 per barrel. At the end of trading on 21 October the price of Brent crude futures for December collapsed by $1.43 (3.31%) to $41.73 per barrel.

By 9:32 am, at the New York Mercantile Exchange (NYMEX) the price of WTI oil futures for December fell by $0.23 (0.57%) to $39.80 per barrel. At the end of trading on 21 October the December WTI futures fell in price by $1.67 (4%) to $40.03.

The U.S. Department of Energy reported that gasoline reserves in the country increased by 1.9 million barrels last week.

The American Petroleum Institute (API) on Tuesday reported that gasoline stocks in the U.S. decreased by 1.6 million barrels.