10:05 - 21.01.2021

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January 21, Fineko/abc. az. Oil prices are lowerin in Thursday’s trading amid the data from the American Petroleum Institute (API) about the growth of stocks in the U.S. last week.

According to API data, U.S. crude inventories rose by 2.56 million barrels last week.

By 9:25 am, in trading on the London ICE Futures Exchange the price of March’s Brent crude oil futures fell by $0.15 (0.27%) to $55.93 per barrel. At the end of trading on 20 January the Brent futures for March increased in price by $0.18 (0.32%) up to $56.08 per barrel.

By 9:25 am, on the New York Mercantile Exchange (NYMEX) the March WTI crude futures were down $0.22 (0.41%) to $53.09 per barrel. At the end of trading on 20 January the WTI futures for March rose in price by $0.33 (0.61%) up to $53.31 per barrel.

The official report on oil reserves in the U.S. will be released by the Department of Energy on Thursday.