Yesterday evening, Brent oil quotes reached another high at $86.09 per barrel. Today the price is moderately declining: the current quotation of the asset is $85. WTI crude oil is also showing a decline after yesterday's rise to $83.94 per barrel. The current price for a WTI barrel is $82.86. The driver of yesterday's growth was the data from the US Department of Energy on oil reserves in the country. In particular, the commercial reserves of hydrocarbons in the United States last week decreased by 431 thousand barrels – to 426.54 million. Gasoline reserves decreased by 5.368 million barrels and amounted to 217.74 million barrels, distillate stocks decreased by 3.913 million barrels, to 125, 39 million barrels. Experts on average expected an increase in oil reserves by 2 million barrels, as well as a decrease in gasoline reserves by 2.2 million and distillates – by 2.4 million. A day earlier, similar statistics were published from the American Petroleum Institute (API). The data indicated an increase in US oil inventories by 3.3 million barrels for the week ending October 15.
QUICK LINKS
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Contact Us 
