Today, world oil prices are trading higher on the back of data from the American Petroleum Institute (API) on the volume of oil reserves in the United States.
As of the morning, the price of May futures for North Sea Brent crude oil rose to $ 39.10 per barrel, or 0.93 percent, the price of April WTI crude oil futures rose 1.35 percent to $ 36.83 per barrel.
According to the report on weekly oil inventories in the United States, there was an increase of 1.5 million barrels. But. Analysts anticipated more significant growth, which, in their opinion, should have reached 3.4 million barrels.
Currently, traders are waiting for the release of statistics on oil reserves from the US Department of Energy. According to analysts' forecasts, the figure should increase by 3.452 million barrels and reach 489.9 million barrels. A week ago, stocks rose by 0.8 percent, that is, by 4 million barrels, and reached 486.5 million barrels.
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Metallurgy news
- 11 November 2025
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