The world oil prices on Thursday grow in the morning after the publication of the American Oil Institute (API) of data on a strong decrease in weekly reserves in the United States. This is evidenced by trading data.
The price of August futures to the North Core oil mixture of Brent grade grew by 0.55% – to $ 71.74 per barrel, and July futures on WTI – by 0.6%, to $ 69.24 per barrel.
Earlier, the API reported that for the week to 28 May, the commercial oil reserves in the United States fell by 5.4 million barrels. Such a decline can be the strongest from the end of April, when the reserves fell by 8 million barrels.
Official statistics on commercial oil reserves will be published on Thursday by the US Department of Energy. Analysts believed that stocks were reduced by only 2.4 million.
Traders also continue to evaluate the results of the OPEC + meeting. The Alliance retained the previous parameters of oil production restrictions, that is, somewhat increases production in July. The following meetings will be known about the following plans – July 1.