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Oil falls in price after its rise the day before

18.12.2019,11:24


December 18, Fineko/abc.az. After rising on Tuesday, oil prices are declining on Wednesday on the data of the American Petroleum Institute about the increase in oil reserves in the United States.

American Petroleum Institute’s data show that U.S. oil inventories rose by 4.7 million barrels and gasoline inventories by 5.6 million barrels last week.

Following the trading on 17 December at the London ICE Futures Exchange, February’s Brent futures increased by $0.76 (1.16%) up to $66.1 per barrel. Its price declined by $0.33 (0.5%) to $65.77 per barrel by 9:15 am.

Following the trading on 17 December, January’s WTI futures at the New York Mercantile Exchange (NYMEX) grew in price by $0.73 (1.21%) up to $60.94 per barrel. Its price decreased by $0.42 (0.69%) up to $60.52 per barrel by 9:15 am.