World oil prices rise on August 9 in the morning as part of the correction after falling by more than 3% the day before. This is evidenced by the auction data.
As of 8 hours Moscow time, the cost of October futures for the North sea oil mixture of Brent rose by 0.28% to 72.47 dollars per barrel, September futures for WTI oil – by 0.04%, to 66.97 dollars per barrel.
On Thursday, the commodity market has seen a correction after oil prices collapsed by more than 3% on Wednesday amid trade concerns and disappointing investors weekly data on the country’s raw materials reserves from the us Department of energy.
In particular, the Ministry of Commerce of China said that China on August 23, at the same time with the United States will impose duties on the second list of American goods, the import of which is 16 billion dollars a year, RIA Novosti reported.
In addition, the additional pressure on the oil market on Wednesday was exerted by the weekly data on the reserves of raw materials from the us Department of energy, which were worse than analysts ‘ forecasts. In particular, oil reserves in the country for the week decreased by 1.4 million barrels, although analysts expected a decrease of 2.8 million barrels.