Oil falls amid US stock data

Global oil prices are falling on September 14 morning amid a significant increase in its reserves in the US, Report informs referring to the auction data.

The price of November futures for Brent crude fell by 0.52% to $92.71 per barrel, October futures for WTI fell by 0.49% to $86.88.

US commercial oil inventories rose by 6 million barrels in the week ending September 9, according to the American Petroleum Institute (API). At the same time, analysts had expected a decline of 200,000.

Later on September 14, the IEA report and US Department of Energy statistics on commercial oil reserves in the country for the past week are expected to be published.