Brent returns to 45 dollars a barrel

Today, oil prices rose by more than 4%. This happened against the background of information about a reduction of commodity reserves in the United States. Federal Reserve statements, which lowered expectations of rising interest rates in the United States, also became a support for the oil market. Yesterday the President of the Federal Reserve Bank of New York, William Dudley, informed that arguments in favor of increasing the rate have become less compelling against the background of recent events on global financial markets.

During trading, October Brent futures reached 45.05 dollars per barrel at 11.25 Moscow time, they had cost 44.91 dollars per barrel (a 4.1% rise). Meanwhile, the quote of the contract for WTI for October delivery by this time increased by 4.1% to 40.18 dollars per barrel.