Global oil prices fell by more than 1% on September 28 morning, Report informs referring to the auction data.
The price of December futures for Brent crude fell by 1.31% to $83.76 per barrel, November futures for WTI dropped by 1.38% to $77.42.
On September 28 night, the API said it estimates a rise in US commercial inventories for the week ending September 23 by about 4.2 million barrels. Official statistics on commercial stocks in the country for the past week will be published by the Energy Department on September 28 evening. Analysts expect an increase in reserves by only 0.4 million barrels.
A new stage of strengthening the US currency is also negative for oil quotes. Thus, the dollar index (the exchange rate against a basket of currencies of six countries - US trading partners) grew by 0.43%, to 114.59 points. A more expensive dollar makes commodities, including oil, less available to buy in another currency.