Oil price is stable, and Brent is at $91.56 a barrel

09:20 - 10.02.2022

February 10, Fineko/abc.az. Prices for oil of standard grades are stable in Thursday’s trading after the publication of data from the U.S. Department of Energy about the the reduction of fuel reserves in the country.

According to the U.S. Department of Energy, U.S.’ oil reserves decreased by 4.76 million barrels, gasoline stocks by 1.64 million barrels, and distillates by 930,000 barrels.

By 9:03 am, at the London ICE Futures Exchange the April’s Brent crude futures rose by $0.01 (0.01%) up to $91.56 per barrel. Following the trading on 9 February, the price of Brent crude futures for April rose by $0.77 (0.85%) up to $91.55 per barrel.

By 9:04 am, at the New York Mercantile Exchange (NYMEX) the WTI oil futures for March rose in price by $0.05 (0.06%) up to $89.71 per barrel. Following the trading on 9 February, the price of March’s WTI oil futures grew by $0.30 (0.34%) up to $89.66 per barrel.