Oil rises above $ 76 for the first time since July 14
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Oil prices rose 3.5% on the day. Quotes are rising due to a decrease in US inventories and a hurricane.
World oil prices rose sharply in trading on Wednesday, September 15 amid declining US inventories.
Thus, November futures for Brent crude on the London ICE Futures exchange rose 3.4% to $ 76.05 per barrel.
Futures for WTI crude oil for October on the New York Mercantile Exchange (NYMEX) added 3.6% and rose to $ 73 per barrel.
Oil rises in price due to the decline in US inventories for seven weeks in a row. Over the past week, the decline amounted to 6.4 million barrels, gasoline reserves decreased by 1.9 million barrels, distillates – by 1.7 million barrels.
Also oil prices rise due to a new hurricane in the USA.
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