Oil prices drop after surprising US data

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Oil prices drop after surprising US data

Reuters

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Oil prices fell today, Friday, after the issuance of surprising official data on crude stocks in the United States, and this comes at a time when markets are under pressure from falling demand with an increase in supply.

By 09:40 Moscow time, US light crude futures fell 1.60% to $ 33.17 a barrel.

As for Brent crude futures, it fell 0.62% to $ 35.07 a barrel, according to Bloomberg data.

According to the US Energy Department data, crude inventories rose by 7.9 million barrels in the week ending May 22 to 534.4 million barrels, while analysts expected a decline of 1.9 million barrels.

Source: “Reuters” + “Bloomberg”



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