Price of Brent oil falls to $64.7 per barrel

Oil prices fell on new signs of oversupply on the global market, Report informs referring to trading data.

The price of January Brent crude oil futures on the London ICE Futures exchange was $64.74 per barrel, down $0.15 (0.23%) from the previous close.

WTI crude oil futures for December in electronic trading on the New York Mercantile Exchange (NYMEX) fell $0.11 (0.18%) to $60.63 per barrel.

The market is awaiting the resumption of US economic data releases and continues to monitor information regarding Russian oil exports.

Assessments from the American Petroleum Institute (API), published overnight on Wednesday, showed a robust increase in US crude inventories last week – by 4.4 million barrels. Gasoline and distillate inventories also increased, according to API.