Oil prices are rising on Wednesday on data from the American Petroleum Institute (API) on the decline in US inventories over the past week, Interfax reported.

This morning, October Brent futures rose in price on the London ICE Futures exchange by $ 0.16 (0.36%), to $ 44.66 per barrel. Over the past session, the contract fell by $ 0.49 (1.1%), to $ 44.5 per barrel.

By this time, September futures for WTI were rising in price on the New York Mercantile Exchange NYMEX by $ 0.1 (0.24%), to $ 41.71 per barrel. On Tuesday, WTI fell $ 0.33 (0.8%) to $ 41.61 per barrel.

According to the API, US oil inventories fell 4.4 million barrels in the week ended August 7. Gasoline stocks decreased by 1.3 million barrels, distillates - by 2.9 million barrels. Oil stocks at the Cushing terminal increased by 1.1 million barrels.