The price of Brent crude rose to 43.31 USD per barrel
Oil prices Thursday morning showed multidirectional dynamics on the background of signs of recovery in U.S. demand, while being under the pressure of fears of the resumption of quarantine measures, according to the auction.
As at 7.43 MSK price of the September futures for North sea petroleum mix of mark Brent have grown on 0,05% - to 43.31 USD per barrel. August futures for WTI crude oil became cheaper by 0.1% to 40.86 USD per barrel.
On Wednesday, the US Department of energy reported that gasoline inventories in the country unexpectedly fell 1.9% to 251,7 million barrels, while analysts expected preservation rate. The commercial oil reserves (excluding strategic reserves) for the week ended July 3 rose by 5.7 million barrels, or 1.1%, and amounted to 539,2 million barrels.
This surge of cases COVID-19 in the United States increased the probability of resumption of the quarantine restrictions that will constrain the recovery in fuel demand.
Shaw added that the demand for gasoline has declined in those areas of the U.S., where the newly introduced quarantine measures, while demand on the East coast, where the coronavirus is under control and has good recovery.