09:35 - 9.02.2022

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February 9, Fineko/abc.az. Prices for oil of standard grades are growing in Wednesday’s trading amid the data from the American Petroleum Institute (API), which showed decrease in fuel reserves in the U.S.

According to API data, oil reserves decreased by 2.025 million barrels last week after decline of 1.645 million barrels a week earlier. The decline, if confirmed by the data of the U.S. Department of Energy, will be noted for the third week in a row.

By 9:19 am, at the London ICE Futures Exchange the April’s Brent crude futures grew by $0.40 (0.44%) up to $91.18 per barrel. Following the trading on 8 February, the price of Brent crude futures for April fell by $1.91 (2.06%) to $90.78 per barrel.

By 9:19 am, at the New York Mercantile Exchange (NYMEX) the WTI oil futures for March increased in price by $0.39 (0.44%) up to $89.75 per barrel. Following the trading on 8 February, the price of March’s WTI oil futures fell by $1.96 (2.15%) to $89.36 per barrel.