WorldBrent crude oil rose to $ 77.5 per barrel

Brent crude oil rose to $ 77.5 per barrel

The price of Brent crude oil on international markets on Friday amounted to $ 77.56 per barrel.

At the last auction on Thursday, the price of a barrel of this brand of oil reached $ 77.73 and closed the day at $ 77.25.

As of 09.28 am on September 24, the price of Brent crude rose 0.40 percent to $ 77.56 per barrel. WTI oil futures cost $ 73.50 per barrel.

The Gulf of Mexico, where the US produces oil, was hit by two tropical storms in a month. Oil platforms in the Gulf have not yet reached their full capacity, which is one of the factors behind the rise in prices.

In addition, the situation was affected by the commercial oil reserves in the United States, which fell more than analysts expected.

As a result, the price of Brent crude oil peaked in the last two months.

According to the US Energy Information Administration (EIA), the country’s commercial crude oil inventories fell 3.5 million barrels (0.8 percent) last week to about 414 million barrels. This is the lowest level since October 2018. The market expected stocks to decline by 2.4 million barrels.

The Anadolu Agency’s website publishes in a shortened form . .(HAS).

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