The American Petroleum Institute (API) announced a reduction in US oil reserves, to which world oil prices reacted during trading. The price of September futures for Brent increased by 0.47 percent and amounted to $ 49.03 per barrel. The cost of August futures for the WTI mark rose by 0.51 percent and amounted to $ 47.67 per barrel.
According to the API, in the previous week, US oil reserves fell by 6.7 million barrels against the expected decline of no more than 2.6 million barrels. In addition, traders reacted to the high index of business activity in the US services sector, published by the American Institute of Supply Chain Management.
In addition, there was news that the Niger Delta Avengers group had blown up a borehole of the American company Chevron, including a pipeline and two trunk lines of the Nigerian National Petroleum Corporation (NNPC) subsidiary. As a result, the supply of oil on the world market decreased.
Oil prices rise amid data from the US and Nigeria
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