Brent crude oil fell to a minimum in 3 months

Oil prices on Wednesday declined, Brent crude oil fell to a minimum in three months after the release of data from the American Petroleum Institute on increasing fuel stocks in the US. The price of September futures for Brent crude by 14:42 Moscow time fell by 41 cents to 71 dollars 75 cents per barrel. August futures for WTI oil fell by 47 cents to 67 dollars 61 cents per barrel. According to the API, the volume of oil in the US storage facilities increased by 629,000 barrels last week. The anxiety of traders is also caused by the growth of oil production in Saudi Arabia and Russia, the slowdown in the growth of China’s economy and the strengthening of the dollar.

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