11:35 - 7.10.2021

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October 7, Fineko/abc.az. Prices for oil of benchmark grades are declining in Thursday’s trading, after the fall the day before amid the data of the Ministry of Energy about the growth of reserves in the U.S.

By 11:20 am, at the London ICE Futures Exchange the December’s Brent crude futures fell by $0.56 (0.69%) to $80.52 per barrel. Following the trading on 6 October, the price of Brent crude futures for December decreased by $1.48 (1.8%) to $81.08 per barrel.

By 11:20 am, at the New York Mercantile Exchange (NYMEX) the WTI oil futures for November fell in price by $0.98 (1.27%) to $76.45 per barrel. Following the trading on 6 October, the value of November’s WTI oil futures decreased by $1.50 (1.9%) to $77.43 per barrel.

According to U.S. Department of Energy’s report, country’s commercial oil reserves increased by 2.35 million barrels last week up to 420.89 million barrels.

The data from the American Petroleum Institute (API), published on Tuesday, showed increase in reserves in the U.S. by 951,000 barrels.

Gasoline inventories in the U.S. increased last week by 3.26 million barrels and distillates decreased by 396,000 barrels.