Brent rises to $106.72 per barrel
WTI gained 3% on Thursday following a report on the decline in U.S. oil reserves.
16 Oct, 19:07Read in Russian
Unsplash — Фото WORKSITE Ltd. на Unsplash
The price of the December Brent contract on ICE Futures reached $106.72 per barrel, Interfax reports.
The U.S. Department of Energy reported a reduction in commercial oil inventories by 8.557 million barrels: production in the Gulf of Mexico was halted due to a hurricane. This marks the sharpest decline since February. The security of shipping in the Strait of Hormuz remains a threat to supplies.
Advertisement
Original source: ICE Futures, NYMEX, U.S. Department of Energy, Trading Economics, International Maritime Organization of the UN, UK Maritime Trade Operations, IEA, Saxo Bank
Based on a report by: Interfax
