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Oil: Prices fell on Wednesday

22/04/2021
Source : ORISHAS FINANCE
Categories: Sectors

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Oil is falling after American inventories rose. Oil prices lost ground on Wednesday, penalized by the rise in crude stocks in the United States and the circulation of Covid-19, which limits the consumption of black gold in the

world.

Brent crude oil from the North Sea for delivery in June finished 65.32 dollars in London, down 1.91% from the previous day's close. In New York, the American barrel of WTI for the month of June, which was the first day of use as a reference contract, dropped 2.15%, to 61.35 dollars.
According to the weekly report of the American Energy Information Agency (EIA) released on Wednesday, American crude stocks increased by 600,000 barrels, to 493.0 million barrels (MB), as of April 16. Gasoline reserves also increased (+100,000 barrels), while those distilled products (fuel and heating gas) fell (-1.1 MB)

.
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