Bank Of Baku

Oil prices rise

Oil prices rise
# 22 September 2016 08:05 (UTC +04:00)

Baku. Yegane Lachihzade - APA-Economics. The WTI crude oil price rose $0.47 to $45.81 a barrel.

 

The price of Brent crude oil increased $0.45 to $47.28 a barrel.

 

Oil price rise was caused by reports on decline of US crude oil reserves. According to the US Department of Energy, the crude oil reserves declined 6.2 million barrels to 504.6 million barrels. 

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