Baku, Azerbaijan, Apr. 20
By Leman Zeynalova – Trend:
World oil prices are changing differently on Apr. 20 amid the report about decreasing volume of crude stocks in the US.
The price for June futures of Brent crude has increased by 0.09 percent to $52.98 per barrel as of 13:19 (GMT +4).
This is while the price for May futures of West Texas Intermediate (WTI) has dropped by 0.06 percent and stood at $50.41 per barrel.
The Energy Information Administration (EIA) said in its report that US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 1 million barrels from the previous week.
However, experts expected this figure to drop by 2 million barrels.
“At 532.3 million barrels, US crude oil inventories are near the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 1.5 million barrels last week, and are near the upper limit of the average range,” said the EIA report.
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