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Oil prices accelerated growth amid falling US inventories


July, 29 2020
watermark Economic news

Oil prices started to rise after the publication of a report from the US Energy Information Administration (EIA). The current Brent price is $ 44.20 per barrel.


According to the Ministry of Energy, crude oil inventories in the country unexpectedly fell by 10.6 million barrels in the week ended July 24. Yesterday's report from the American Petroleum Institute (API) also reflected a decline in reserves, by 6.8 million barrels.


Experts predicted an increase in reserves by 0.36 million barrels.


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