The price of oil went up
According to reporter Mehr Bahai Brent oil trading for August decreased by 15 cents to $85.56 per barrel. Brent oil increased by 0.8% yesterday.
U.S. West Texas Intermediate futures for delivery in August were down 14 cents at $81.15 a barrel. The July contract, which expired on Thursday, traded up 0.7 percent at $82.17 per barrel.
The price of oil has increased by about 5% since the beginning of this month and has risen to the highest level in the last few weeks.
Analysts of Citi financial institution wrote in a note: the increase in seasonal demand as reflected in the statistics of the US Energy Information Administration, the renewal of the conflict between the Zionist regime and Hezbollah and the typhoon season, can increase the price trend. keep the oil during the summer.
The official US statistics published on Thursday showed that the US oil reserves decreased by 2.5 million barrels and reached 457.1 million barrels in the week ending June 14, which is higher than the analysts’ estimate of a decrease. Reserves were 2.2 million barrels. Gasoline stocks decreased by 2.3 million barrels and reached 231.2 million barrels, while analysts were predicting the growth of these stocks by 600 thousand barrels.
