The cost of oil is growing on Thursday morning by an average of 1% on data from the American Petroleum Institute (API) on a decrease in US reserves.

Brent is trading above $ 65 per barrel for the first time since January 21 last year, according to trading data.

The price of April futures for North Sea Brent crude oil rose by 1.17% to $ 65.09 per barrel, March futures on WTI - by 0.95% to $ 61.72 per barrel.

According to API data, US oil reserves fell by 5.8 million barrels last week, which is significantly higher than the forecast of 2.2 million barrels.