Brent oil prices exceed $77 per barrel

Prices for benchmark oil rose on January 11 after falling the day before on data on rising inventories of crude oil and petroleum products in the US, Report informs referring to Interfax.

Quotes for March Brent futures on the London ICE Futures exchange stood at $77.14 per barrel, which is $0.34 (0.44%) higher than the level at the close of the last trading session.

On January 10, these contracts fell by $0.79 (1%) to $76.80 per barrel.

WTI oil futures for February in electronic trading on the New York Mercantile Exchange (NYMEX) in the morning rose in price by $0.27 (0.38%) to $71.64 per barrel. According to the results of previous trading, their quotes decreased by $0.87 (1.2%) and ended the day at $71.37 per barrel.

US commercial oil inventories increased by 1.338 million barrels last week, the Energy Department reported. Analysts on average predicted a reduction of 675,000 barrels, according to Trading Economics.

Gasoline reserves jumped by 8.03 million barrels, distillates by 6.53 million barrels. Experts expected an increase of 2.49 million and 2.38 million barrels, respectively.