Oil prices fall for sixth consecutive days

The price of oil futures on WTI for August decreased 0,94 dollars and reached 61.99 dollars per barrel in electronic trading on the New York Mercantile Exchange (NYMEX) on Wednesday morning.

August futures price for WTI on the NYMEX  fell by 1.12 dollars to 62.93 dollars per barrel on July 7. The increase in commercial stocks of motor fuel in the middle of the summer season shows that consumption is not restored, but the crisis has not yet been overcome.

According to the American Petroleum Institute (API), representing the country's oil industry, the growth in gasoline reserves in the United States amounted to 767,000 barrels and reached 212.4 million barrels in a week that lasted from June 26 to  July 3. The Institute receives information from operators of oil refineries, oil depots and pipelines on a voluntary basis, Interfax reported.

/Vzglyad/