American Expatriate Costa Rica

Oil prices are increasing because oil reserves decreased in America

According to information provided by the American government, oil prices continued to increase because oil reserves decreased last week in The United States.

On October 5th, at 10 am, a Brent oil barrel from the North Sea was sold at 51.84 dollars at the Intercontinental Exchange (ICE) in London. It had an increase of 97 cents after reaching 52.09 dollars on October 4th, its highest level in four months.

On the New York Mercantile Exchange (NYMEX), a barrel of light sweet crude (WTI), from November contract, was gaining 1.05 dollars from its total cost, 49.74 dollars, after rising to 49.95 dollars, its highest point in more than three months.

crhoy.com