11:02 - 9.06.2021

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June 9, Fineko/abc.az. Prices for oil of standard grades are increasing in Wednesday’s trading amid the data from the American Petroleum Institute (API) about the decline in U.S. oil reserves last week.

API reports that U.S. crude inventories fell by 2.1 million barrels last week.

By 9:32 am, in the trading at the London ICE Futures Exchange the August’s Brent crude futures rose by $0.38 (0.53%) up to $72.60 per barrel. At the end of the trading on 8 June the Brent futures for August grew in price by $0.73 (1.02%) up to $72.22 per barrel.

By 9:32 am, at the New York Mercantile Exchange (NYMEX) the price of the July’s WTI oil futures rose by $0.36 (0.51%) up to $70.41 per barrel. At the end of the trading on 8 June the price of WTI futures for July increased by $0.82 (1.19%) up to $70.05 per barrel.

The weekly report of the U.S. Department of Energy on oil reserves in the country will be published on Wednesday.

S&P Global Platts analysts expect that data from the U.S. Department of Energy will show decrease on oil reserves by 4.1 million barrels.