Oil prices are rising on global markets: the main reasons
10 June 09:35
Oil prices rose on Wednesday morning, June 10, on news from the Middle East. This was reported by "Komersant Ukrainian", citing Interfax-Ukraine.
The price of August Brent futures on the London ICE Futures exchange, as of 8:15 a.m., stands at $91.84 per barrel, which is $0.39 (0.43%) higher than at the close of the previous trading session. On Tuesday, these contracts fell by $2.80 (2.97%) to $91.45 per barrel.
Watch us on YouTube: important topics – without censorship
July WTI crude oil futures on the New York Mercantile Exchange (NYMEX) have risen by $0.40 (0.45%) to $88.60 per barrel so far today. At the close of the previous session, their price had fallen by $3.10 (3.40%) to $88.20 per barrel.
Additional support for oil prices is provided by data released Tuesday by the American Petroleum Institute (API), which showed that U.S. oil reserves fell by approximately 9.12 million barrels last week, hitting a four-month low. Experts had expected a decline of 3.4 million barrels on average, according to Trading Economics. The API receives information from refinery operators, oil storage facilities, and pipeline operators on a voluntary basis. Official data on U.S. oil inventories will be released at 5:30 p.m. ET on Wednesday.
The day before, the country’s Ministry of Energy raised its Brent price forecast for 2026 from $94.85 to $95.39 per barrel. According to its estimates, global demand for liquid hydrocarbons will decline this year by 1.09 million barrels per day to 102.86 million bpd.
Read us on Telegram: important topics – without censorship
