Brent crude rose above us $48.2 per barrel on the data about reduction of stocks in USA

Moscow. July 12. INTERFAX.RU – oil Prices are rapidly growing in the Asian session on Wednesday using data from the American petroleum Institute (API) on the reduction of inventories of fuel in the USA from 8.1 million barrels for the week.

Price of the September futures for Brent crude on London’s ICE Futures exchange to 8:20 Moscow time increased by 69 cents (1.45 percent) to $48,21 per barrel.

Crude oil with August delivery in electronic trading on the new York Mercantile exchange (NYMEX) is up $0.77 (a 1,71%) to $45,81 per barrel.

On Tuesday, Brent crude rose $0.64 to (1,37%), to $47,52 per barrel, WTI – at $0,64 (1,44%), to $45,04 per barrel.

According to preliminary estimates, OPEC production increased in June compared to the previous month, mainly due to Nigeria and Libya, are exempt from participation in the agreement OPEC+. Experts S&P Global Platts estimated June oil production of OPEC at the level 32,49 million barrels per day.