11:39 - 9.07.2021

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July 9, Fineko/abc.az. Prices for oil of standard grades are growing after the publication of weekly data about fuel reserves in the U.S.

According to the U.S. Department of Energy, country’s oil reserves country decreased last week by 6.87 million barrels to 445.48 million barrels. This is the lowest figure since February 2020, and the fall was recorded for the 7th week running. Gasoline stocks in the U.S. for the past week decreased by 6.1 million barrels.

By 11:27 am, in the trading at the London ICE Futures Exchange the September’s Brent crude futures increased in price by $0.32 (0.43%) up to $74.44 per barrel. Following the trading on 8 July the Brent crude futures for September grew by $0.69 (0.94%) up to $74.12 per barrel.

By 11:27 am, at the New York Mercantile Exchange (NYMEX) the price of the August’s WTI oil futures increased by $0.43 (0.59%) up to $73.37 per barrel. Following the trading on 8 July the WTI futures for August increased in price by $0.74 (1.03%) to $72.94 per barrel.