Oil prices continue to rise. Reserves of oil in the US are declining

Oil prices continue to rise after the publication of data on oil products in the US.

According to published data, the US oil inventories declined by -2.622 million barrels over the past week, compared with a rise of 5.022 million barrels in the previous period. Distillate stocks fell by -2.022 million barrels, while analysts expected a decline of -0.318 million barrels. The reserves of gasoline decreased by -1.693 million barrels, against the reduction in the previous period at the level of -6.271 million barrels.

• At the moment, WTI crude oil is traded at $ 64.61, adding about + 1.68% to the price.
• Brent crude oil is traded at around $ 68.70, adding about + 1.90% to the price.

Alexander Sivtsov