The sharp drop in oil prices began on Monday and continues through the middle of the week.
The world oil price continues to decline. At auctions on Tuesday, quotes fell below $92 per barrel.
Thus, October futures for Brent oil on the London ICE Futures exchange fell by $0.36 (0.39%) to $91.98 per barrel.
WTI futures for September in electronic trading on the New York Mercantile Exchange (NYMEX) were down $0.11 (0.13%) at $86.42 a barrel.
At the beginning of the week, oil prices fell by almost 5% per day.
Quotes fall on data on the dynamics of eurozone GDP in the second quarter. According to Eurostat, the economy of the currency bloc in April-June increased by 0.6% compared to the previous quarter, while the previously reported growth of 0.7%.
The decline in prices was restrained by data from the American Petroleum Institute, which indicated a decrease in US oil inventories last week by 448 thousand barrels after an increase of 2.156 million barrels the previous week.
As reported, in July, global oil supplies reached a post-pandemic high and reached 100.5 million barrels per day.
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Source: korrespondent
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