MOSCOW, 14 Sep — PRIME. World oil prices are falling on Wednesday morning amid a significant increase in its reserves in the US, follows from trading data and analysts’ comments.
OPEC has kept the forecast for oil production outside the organization
As of 8:01 Moscow time, the price of November futures for Brent crude oil is reduced by 0.52%, to $92.71 per barrel, October futures for WTI – by 0.49%, to $86.88.
U.S. commercial oil inventories jumped 6 million barrels in the week ending Sept. 9, according to the American Petroleum Institute (API). At the same time, analysts had expected a decline of 200,000.
Later on Wednesday, the IEA report and US Department of Energy statistics on commercial oil reserves in the country for the past week are expected to be published.
In addition, oil investors are focused on the upcoming speech by European Commission President Ursula von der Leyen, who is set to present a range of proposals to contain the oil crisis in her speech to the European Parliament.
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