Oil prices fall by over 1% on global markets

Global oil prices are down more than 1% on April 30 morning after the release of statistics from the American Petroleum Institute (API) on the growth of reserves of this type of crude in the US, Report informs referring to trading data.

The price of July futures for Brent crude oil fell by 1.22%, to $62.51 per barrel, and June futures for WTI by 1.36%, to $59.6.

On Wednesday night, the API published its estimate of the volume of oil reserves in the US. According to the institute, commercial oil reserves in the country increased by 3.76 million barrels over the week ending April 25.