The price of oil is expected to continue its upward trend on Friday, following the decline in oil inventories in the United States, according to data from the London ICE Futures exchange.

Crude oil inventories in the US decreased by 2.55 million barrels last week, and the country’s energy department announced the decline on Thursday. Benzene inventories decreased by 2.28 million barrels, while distillates decreased by 1.73 million barrels.

The price of Brent crude oil futures for August in the London ICE Futures exchange decreased by 0.08 dollars (0.09%) to 85.63 dollars per barrel, compared to the previous closing time. On Thursday, these contracts increased by 0.64 dollars (0.8%) to 85.71 dollars per barrel, which is the highest value since April 30.

Meanwhile, the price of WTI crude oil futures for August in the New York Mercantile Exchange (NYMEX) increased by 0.06 dollars (0.07%) to 81.23 dollars per barrel. According to previous data, the value of these contracts increased by 0.58 dollars (0.7%) to 81.29 dollars per barrel.

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News from Armenia – NEWS.am