Oil falls amid an unexpected jump in inventories and pessimistic statement by Donald Trump about the situation with coronavirus in the country
Oil prices are falling this morning - as of 10:23 Brent fell 0.09% to $ 44.29, WTI - 0.21% to $ 41.83. The negative dynamics was provoked by the release of the API report, according to which oil reserves in the United States according to the results of the last weeks have increased dramatically. According to the institute's calculations, the volume of reserves increased by 7.5 million barrels, which was unexpected for the market. Publishing a report US Department of Energy Expected Tonight - According to Forecasts analysts, he will demonstrate a decrease in this indicator in the period under review by 2.1 million barrels. In addition to the API report, the quotes were negatively affected by the comment the head of the United States, Donald Trump, that the situation with the coronavirus in the country may deteriorate. He expects victory over the pandemic, however before that, the situation may become more difficult, quotes his words Reuters agency. Trump noted that he does not like to do this forecast, however, this is the case.