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Brent crude price up to $54 per barrel on ICE in London on Wednesday

July 29, 2015, 18:53 UTC+3 LONDON
Oil price growth sped up after the publication of data on reduction of US oil reserves during in the last week
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© Viktor Drachev/TASS

LONDON, July 6. /TASS/. The price of futures contract for September delivery of Brent crude rose by 1.33% to $54.01 per barrel on the ICE London Stock Exchange ICE on Wednesday.

Oil price growth sped up after the publication of data on reduction of US oil reserves during in the last week.

From July 20 to 24, commercial reserves of oil in the US fell by 4.2 mln barrels to 459.7 mln barrels.

Analysts, interviewed by Bloomberg, expected the growth in oil reserves by 0.85 mln barrels.

The ruble is strengthening as oil prices grow.

On Wednesday, the dollar fell by 94 kopecks to 59.08 rubles and renewed the daily minimum. The euro fell by 1.24 rubles to 65.24 rubles.

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