Oil prices rise amid the statement of the U.S. Department of Energy
Oil is rising in price this morning, with Brent adding 1.24% to $82.97 as of 10:05 a.m., while WTI gained 1.35% to $79.36. The statement of the US Department of Energy was the growth driver - according to the statement of the Department the US government has no intention to release its strategic oil reserves at the moment. According to analysts of ANZ company, voiced in an interview with The Wall Street Journal, the news spurred the demand for oil, causing the growth of quotations by more than 1%. The attention of players is also focused on the expected release of the statistical data on the number of working oil rigs in the United States for a week, which will be provided by Baker Hudges. Meanwhile, gasoline prices in the country rose to their highest level in 7 years. The American Automobile Association reported that its average cost reached $3.24 a gallon on Monday and continues to hold at that level. The words of a representative of the association cited the agency "Prime".