10:47 - 19.05.2021

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May 19, Fineko/abc.az. Prices for oil of standard grades are declining in Wednesday’s trading amid the data of the American Petroleum Institute (API) about the growth of stocks in the U.S.

According to the API, oil reserves in the U.S. last week increased by 620,000 barrels. At that, country’s gasoline reserves fell by 2.8 million barrels and distillates by 2.6 million barrels.

By 9:09 am, at the London ICE Futures Exchange the July’s Brent crude futures fell by $0.74 (1.08%) to $67.97 per barrel. Following the trading on 18 May the price of Brent crude oil futures for July decreased by $0.75 (1.08%) to $68.71 per barrel.

By 9:09 am, at the New York Mercantile Exchange (NYMEX) the price of the June’s WTI oil futures fell by $0.76 (1.16%) to $64.73 per barrel. At the end of trading on 18 May the WTI futures for June declined in price by $0.78 (1.18%) to $65.49 per barrel.

The official report on energy stocks in the U.S. for the past week will be released by the Department of Energy on Wednesday.