The price of WTI oil futures for August decreased by $0.3 compared to the previous day of trading on the New York Mercantile Exchange, according to data as of June 17 at 8:30 Moscow time.
The price of August futures for West Texas Intermediate crude oil at the end of the Asian session on the NYMEX exchange was $77.8 per barrel, 0.4% less than the previous day’s data. West Texas oil futures hovered around $78 a barrel for the fourth straight day after resuming growth from a four-month low.
The price of Brent oil futures for delivery in August on the London ICE Exchange rose to $82.4 per barrel, 0.3% less than at the end of the previous trading.
The slight drop in oil prices occurs in the context of a continued restrictive monetary policy by the main central banks. In addition, stock speculators react to reports about the possible withdrawal of US strategic reserves from the oil market.
Source: Rossa Primavera
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