Price of Brent crude rises to $36,41/bbl

The world oil prices on Thursday are growing against concerns about an oversupply in raw materials, Report says, citing the RIA Novosti.

The price of July futures for the Brent North Sea oil mix rose by 1.85% - to $ 36.41/ bbl. In turn, July futures for WTI oil increased by 1.91% up to $ 34.12/bbl.

Oil prices continue to grow strongly after data from the US Department of Energy showed that the country's oil reserves fell, easing market concerns about oversupply. Over the past week, oil reserves in the US decreased by 5 million barrels, contrary to analysts' forecasts, who expected an increase of 1.2 million bbl. Capital Economics analysts, noting that signs that pressure on oil storage facilities are declining are positive for prices, with recent data showing that "the decline in inventories is driven more by supply factors than an increased demand for products."