The US Department of Energy presented data on oil reserves

On Wednesday, world oil prices showed an upward trend after the publication of ambiguous data from the US Department of Energy on oil and petroleum products reserves in the country.

The price of October futures for Brent North Sea crude oil rose to $69.33 per barrel, October futures for US WTI rose to $66.64 per barrel. A day earlier, Brent quotes fell from the area of $70 per barrel to $68.80.

According to the US Department of Energy, commercial oil reserves in the country (excluding the strategic reserve) decreased by 3.2 million barrels last week – to 435.5 million barrels. At the same time, gasoline reserves unexpectedly increased – by 0.7 million barrels, to 228.2 million, and oil production in the country increased by 100 thousand barrels per day, to 11.4 million barrels per day.

Analysts note that investors are concerned that oil prices have risen too much (when optimism about the normalization of demand was sky-high), but now that it has become clear that demand is actually several times less, investors are forced to reconsider their rosy views.