Oil is trading at a high of two months

Oil rises above $ 76 for the first time since July 14

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.

News from Correspondent.net in Telegram. Subscribe to our channel https://t.me/korrespondentnet


Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.