Brent is trading at $85.68 a barrel

On Thursday, oil quotations are moderately declining during trading after rising the day before, Interfax reports.

By 8:14 Kyiv time, Brent December futures fell in price by $0.14 (0.16%) to $85.68 per barrel at the London ICE Futures exchange. On Wednesday, the contract rose by $0.74 (0.87%) to $85.82 per barrel.

By this time, WTI December futures went down by $0.01 (0.01%) to $83.41 per barrel at the New York Mercantile Exchange (NYMEX). During the previous session, WTI gained $0.98 (1.2%) in price to $83.42 per barrel.

The quotations were supported during the previous trades by the data on fuel stocks in the USA. According to the US Department of Energy, commercial oil reserves in the United States last week decreased by 431 thousand barrels to 426.54 million barrels.

According to the Ministry of Energy, stocks at the terminal in Cushing, Oklahoma, where oil traded on the NYMEX is stored, decreased by 2.32 million barrels over the past week. Refinery utilization dropped to 84.7% from 86.7% a week earlier.

Tags: oil, USA, price, petroleum products, oil deliveries, oil pipeline, oil reserves, economy, oil market

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