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Oil prices decline, and Brent is at $41.45 a barrel

24.09.2020,10:02


September 24, Fineko/abc.az. Oil prices are moderately fallig on Thursday after rising the day before amid the data about the reduction in oil reserves in the U.S. for the second week in a row.

By 9:15 am, at the London ICE Futures Exchange the Brent crude futures for November fell by $0.32 (0.77%) to $41.45 per barrel. At the end of trading on 23 September, the price of Brent oil futures for November grew by $0.05 (0.12%) to $41.77 per barrel.

By 9:15 am, at the New York Mercantile Exchange (NYMEX) the WTI crude futures for November were down $0.43 (1.08%) to $39.50 per barrel. At the end of trading on 23 September the November’s WTI futures rose by $0.13 (0.33%) to $39.93 per barrel.

According to US Department of Energy’s report, commercial oil reserves in the country last week decreased by 1.64 million barrels to 494.41 million barrels.

Gasoline inventories fell by 4.03 million barrels to 227.5 million barrels. Commercial distillate stocks declined by 3.36 million barrels to 175.94 million barrels.