World oil prices grow over expectations from purchase of bonds of euro zone states, Bloomberg reports.
October futures for WTI (Light Sweet Crude Oil) increased by $0.5 (0.52%) to $95.86 per barrel at 9.24 am. October futures for Brent increased in price by $0.38 (0.34%) to $113.47 per barrel.
The European Central Bank will purchase 3-year bonds. President of the bank Mario Draghi wants the purchase to be limitless. Decisions of the ECB today will most likely meet expectations of the market, Stephen Roach, former CEO of Morgan Stanley Asia Ltd. and professor of the Yale University, says.
The American Petroleum Institute said that oil reserves dropped by 7.2 million barrels on August 31. The US Energy Department is expected to publish similar data.
