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Brent crude price exceeds $50 per barrel on US reserves data report

September 08, 21:41 UTC+3
The U.S. Energy Information Administration has reported a 14.5 mln barrels drop in crude stocks last week, which has become the biggest weekly drawdown since 1999
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MOSCOW, September 8. /TASS/. The cost of the futures contracts of Brent crude oil for November 2016 delivery went up by 4.22% to $50.01 per barrel on London's ICE trading on Thursday following the U.S. Energy Information Administration report about a 14.5 mln barrels drop in crude stocks last week, which has become the biggest weekly drawdown since 1999.

The dollar exchange rate went down 0.38% to 63.88 rubles on the Moscow Exchange following the news, while the euro lost 0.27% to 71.94 rubles.

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