Brent oil rises to $85.76 per barrel

Oil prices rose on March 28 after two days of decline, buoyed by data on fuel inventories in the US, according to Trading Economics, Report informs referring to Interfax.

Quotes for June Brent futures on the London ICE Futures exchange amounted to $85.76 per barrel. This is $0.35 (0.4%) higher than the market closing level the day before.

On March 27, these contracts fell $0.22 (0.3%) to $85.41 per barrel.

The price of WTI oil futures for May in electronic trading on the New York Mercantile Exchange (NYMEX) in the morning rose by $0.42 (0.5%) to $81.77 per barrel.

According to the results of previous trading, the cost of these contracts decreased by $0.27 (0.3%) and amounted to $81.35 per barrel.

NYMEX and ICE Futures will be closed on March 29 for Good Friday.

As the US Department of Energy reported on March 27, oil reserves in the country increased by 3.16 million barrels last week. Experts expected a decline of 1.275 million barrels.