The U.S. Department of Energy said the country’s commercial oil inventories fell by 6.1 million barrels during the week. As of August 18, the relevant fuel volume reached 433.5 million barrels. TASS.
As explained in the Department, the current oil amount is approximately 2% below the average values of the last five years. We are talking about indicators specific to the current time of year.
23 August on London ICE Exchange still Lower cost of October futures contracts for Brent crude.
As of 16:55 Moscow time, the price of fuel decreased by 2.32 percent to $ 81.95 per barrel. Resources traded below $82 a barrel for the first time since July 24, 2023.
At the same time, the price of WTI crude oil futures fell 2.32% from the previous close. As a result, the price per barrel was $77.62, but by 5:20 p.m. Moscow time it had dropped to $78.66.
at the end of August it happened It is known that a new deposit has been discovered in the Suez Canal. According to the Egyptian Ministry of Petroleum and Natural Resources, the production at this facility reaches 2.5 thousand barrels per day.
Previously recognizedWhen oil prices drop to $50 a barrel.