Oil prices continue their roller-coaster ride, falling on January 13 morning after rising an average of 5% over two trading days, Report informs citing Prime agency.
The price of March futures for Brent crude dropped by 0.24%, to $84.47 per barrel, and February futures for WTI oil fell in price by 0.21%, to $82.46 per barrel.
These dynamics were facilitated by data from the US Department of Energy, according to which commercial oil reserves in the country for the week ending January 7 fell by 4.6 million barrels, or 1.1%, to 413.3 million barrels. A decrease of 1.9 million was expected. At the same time, stocks were at the lowest level from the week to October 5, 2018, when the indicator was at the level of 409.9 million barrels.
In addition, investors remained concerned about disruptions in oil exports from Kazakhstan due to massive protests amid rising prices for liquefied gas.