Brent oil rises in price on 5% on reserves data in the U.S.

Brent oil rises in price on 5% on reserves data in the U.S.


The oil reserves in the U.S. rose below expectations, which created a positive momentum in commodity markets. The cost of December futures for North sea Brent blend grew at 4.80% to 49,06 dollars per barrel. Earlier, the Brent crude price grew by more than 5% to 49,23 dollar.

MOSCOW, 28 Oct. The price of Brent crude oil on Wednesday has reinforced the growth of data on the commercial reserves and production in the U.S., its growth following the WTI exceeded 5%, according to AFP.

As of 18.02 MSK price of the December futures for North sea Brent blend grew at 4.80% to 49,06 $ per barrel, WTI light crude oil — 5.97%, to 45.78 per barrel. Earlier, the Brent crude price grew by more than 5% to 49,23 dollar.