Brent price rises above $100 per barrel

Moscow. the 14 th of July. INTERFAX.RU – Oil prices are rising moderately during the morning session on Thursday after a slight rise the day before, despite the growth of fuel inventories in the US and fears of a recession.

The cost of September futures for Brent oil on the London ICE Futures exchange by 8:11 Moscow time on Thursday is $100.25 per barrel, which is $0.68 (0.68%) higher than the closing price of the previous session. As a result of trading on Wednesday, these contracts rose in price by 8 cents to $99.57 per barrel.

The price of futures for WTI oil for August at the electronic trading of the New York Mercantile Exchange (NYMEX) is $96.82 per barrel by this time, which is $0.52 (0.54%) more than the final value of the previous session. By the close of the market on Wednesday, the cost of these contracts rose by 46 cents to $96.3 per barrel.

Oil inventories in the United States last week increased by 3.25 million barrels, showed data published on the eve of the weekly report of the country’s Department of Energy. Analysts polled by Bloomberg had expected a cut of 1.5 million barrels.

Commodity reserves of gasoline increased by 5.82 million barrels, distillates – by 2.67 million barrels. Experts expected an increase in the first indicator by 1 million barrels, the second – by 1.7 million barrels.

Michael Cooper

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