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It was expected that the markets would be affected primarily by data from the US Department of Energy according to which oil reserves in the United States fell by nearly 13 million barrels a week last. a significant reduction in US oil reserves. Markets have reacted more to growing tensions between China and the United States, and oil prices have also affected information about the reopening of major ports in Libya.
Markets should particularly be affected by data from the US Department of Energy. last week dropped nearly 13 million barrels (1 barrel = 159 liters). However, the markets were more impressed by other reports, particularly the deterioration of relations between China and the United States, when Washington said the US government was planning to introduce a 10% fee. on other Chinese products. up to 200 billion dollars (170.43 billion euros). Added to this were information from the Libyan national oil company NOC, which said it had lifted the force majeure to export oil from four ports.
The price of Brent crude mixed in September fell to CEC at 19.10 CET to 3.19 USD to 75.67 USD per barrel. The WTI crude oil price of the August contract reached 71.82 USD / barrel, a decrease of 2.29 USD compared to the previous one
