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Brent crude exceeds $ 62 a barrel for the first time in more than a month
20:30 - 05/09/2019
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The price of Brent crude exceeded $ 62 a barrel for the first time since August 2 on the back of the publication of statistical data by the US Department of Energy.
At 15:11 GMT, November Brent North Sea crude oil futures were up 22.2% at $ 62.05 a barrel, while West Texas Intermediate WTI crude futures were up 2.06%. , To $ 57.42 a barrel.
Investors responded to the weekly statistics released by the US Department of Energy, which revealed that the country's commercial oil reserves for the week ended August 30, decreased by 4.771 million barrels, or 1.1%, to 423 million barrels.
The long-running trade dispute between the United States and China is curbing oil prices, but Brent is still up 12% so far this year, backed by OPEC-led production cuts and allies including Russia. Finished 25 N
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