Oil prices have increased the drop after the publication of data on stocks in the United States


Moscow. June 14. INTERFAX.RU – oil Prices have increased the drop on Wednesday after the US Department of energy reporting less significant than expected reduction of oil reserves in the United States, Brent crude fell below $47 per barrel for the first time since may 5.

August futures for Brent crude on the London ICE Futures exchange to 17:50 MSK fell $1.61 of (3.3 percent) to $47,11 per barrel. July futures for WTI crude oil on the new York Mercantile exchange (NYMEX) dropped by this time, at $1,53 (3,29%) to $44,93 per barrel.

According to the energy Ministry, oil reserves in the U.S. last week fell by 1.66 million barrels. Experts interviewed by Bloomberg, the average predicted reduction of stocks of 2.2 million barrels.

Gasoline stocks grew last week by 2.1 million barrels, distillates – by 328 thousand barrels.

Source