As of 12:52 Moscow time, the price of futures contracts for October deliveries of Brent oil rose 0.64% to $86.08 a barrel, according to trade data on the London ICE stock exchange. As of 13:20 Moscow time, Brent oil was trading at $ 86.06 a barrel. In this respect to witness Transaction data on the ICE exchange.
At the same time, the price of October delivery WTI crude oil futures on the New York Oil Exchange rose 0.28% to $81.72 per barrel.
Analysts surveyed said that US oil inventories fell by 11.5 million barrels in the week ended August 25, according to the American Petroleum Institute, well above market expectations, pointing to strong demand. Reuters.
The market is also assessing the consequences of the coup in Gabon. This increase could have a negative impact on oil supply to Asia. Between May and July, Gabon exported an average of 160,000 barrels per day to Asia, according to vessel tracking data from Kpler.
Also, analysts to countReuters reported that Saudi Arabia, the world’s largest oil exporter, will extend its voluntary production cut in October, keeping its supply shortfall.
Previously recognizedWhen oil prices drop to $50