10:33 - 20.05.2021

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May 20, Fineko/abc.az. Prices for oil of standard grades are increasing slightly in the course of Thursday’s trading after a strong drop the day before amid the data about the growth of stocks in the U.S.

According to the U.S. Department of Energy, U.S.’ oil reserves increased by 1.32 million barrels last week. Experts on average predicted a decrease in reserves by 2.9 million barrels.

By 9:15 am, in the trading at the London ICE Futures Exchange the July’s Brent crude futures grew by $0.12 (0.18%) up to $66.78 per barrel. At the end of the trading on 19 May the price of Brent crude oil futures for July fell by $2.05 (2.98%) to $66.66 per barrel.

By 9:15 am, at the New York Mercantile Exchange (NYMEX) the price of June’s WTI oil futures increased by $0.37 (0.58%) up to $63.73 per barrel. At the end of the trading on 19 May the WTI futures for June fell in price by $2.13 (3.25%) to $63.36 per barrel.