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Oil falls in price, and Brent is at $74.17 a barrel

17.06.2021,11:26


June 17, Fineko/abc.az. Prices for oil of standard grades are declining in Thursday’s trading, despite the data of the U.S. Department of Energy about the decline in energy reserves in the country.

By 9:19 am, in the trading at the London ICE Futures Exchange the August’s Brent crude futures fell by $0.22 (0.30%) to $74.17 per barrel. At the end of the trading on 16 June, the price of Brent futures for August increased by $0.40 (0.54%) up to $74.39 per barrel.

By 9:19 am, at the New York Mercantile Exchange (NYMEX) the price of July’s WTI oil futures fell by $0.20 (0.28%) to $71.95 per barrel. At the end of the trading on 16 June the price of WTI futures for July grew by $0.03 (0.04%) up to $72.15 per barrel.

According to the weekly report of the U.S. Department of Energy, country’s commercial oil reserves last week decreased by 7.36 million barrels to 466.67 million barrels. Gasoline inventories grew by 1.95 million barrels up to 242.98 million barrels.