Global oil prices on August 17 morning remained virtually unchanged after falling by almost 2% a day earlier, Report informs referring to the auction data.
The price of October futures for Brent crude fell by 0.01% to $83.44 per barrel, September futures for WTI decreased by 0.1% to $79.3.
On August 16, oil fell 1.8% and 2%, respectively, after the release of data on stocks in the US. So, gasoline stocks for the week to August 11 fell weaker than expected, distillates unexpectedly increased. At the same time, oil production increased by 100,000 barrels per day, to 12.7 million barrels per day.
At the same time, commercial oil inventories for the week fell more than expected - by 6 million barrels, while a decline of only 2.3 million barrels was expected.