11:06 - 5.08.2021

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August 5, Fineko/abc.az. Prices for oil of standard grades are growing in Thursday’s trading after a significant drop following the previous trading amid the data of the U.S. Department of Energy about the growth of oil reserves.

By 9:25 am, at the London ICE Futures Exchange the October’s Brent crude futures increased by $0.22 (0.31%) up to $70.60 per barrel. Following the trading on 4 August the Brent oil futures for October fell in price by $2.03 (2.80%) to $70.38 per barrel.

By 9:25 am, at the New York Mercantile Exchange (NYMEX) the price of the September’s WTI oil futures rose by $0.24 (0.35%) to $68.39 per barrel. Following the trading on 4 August the WTI futures for September collapsed in price by $2.41 (3.42%) to $68.15 per barrel.

According to the U.S. Department of Energy, oil reserves in the country grew by 3.6 million barrels last week. Experts on average expected a decrease of 4 million barrels. Gasoline stocks decreased by 5.3 million barrels and distillates increased by 800,000 barrels.