Brent crude oil falls to $75.97 per barrel

Oil prices slightly decreased on October 23 morning after a significant increase on October 22, Report informs via Interfax.

December futures for Brent crude oil fell by 7 cents to $75.97 per barrel on the London ICE Futures exchange.

December futures for WTI crude oil decreased by 9 cents to $71.65 per barrel on the electronic trading of the New York Mercantile Exchange (NYMEX).

Oil quotes are under pressure due to signals of fuel growth in the US.

According to estimates by the American Petroleum Institute, oil reserves in the US increased by 1.64 million barrels last week. Analysts on average had forecast an increase of 0.7 million barrels.