11:33 - 24.06.2021

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June 24, Fineko/abc.az. Prices for oil of standard grades are growing in Thursday’s amid the data about decline in energy stocks in the U.S. and China.

U.S. Department of Energy’s yesterday-published report shows the reduction in country’s oil reserves for the fifth week in a row by 7.6 million barrels to 459.1 million barrels.

Oil reserves in China, according to analytical company Kayross, are at the lowest level since the beginning of this year.

By 9:06 am, in the trading at the London ICE Futures Exchange the August’s Brent oil futures increased by $0.10 (0.13%) up to $75.29 per barrel. Following the trading on 23 June the price of Brent futures for August increased by $0.38 (0.51%) up to $75.19 per barrel.

By 9:06 am, at the New York Mercantile Exchange (NYMEX) the price of the August’s WTI oil futures rose by $0.11 (0.15%) up to $73.19 per barrel. Following the trading on 23 June the WTI futures for August increased in price by $0.23 (0.32%) up to $73.08 per barrel.