Are oil prices going down? Global oil prices on Thursday morning slightly decreased on news of reaching a record high of the year in the U.S., according to trading data.

October futures on Brent crude oil decreased by 0.38%, to $97.03 per barrel, September futures on WTI crude oil – by 0.41%, to $91.55.

Yesterday’s statistics from the U.S. remains a downward factor for oil prices daily. The commercial oil inventories in the country (excluding the strategic reserve) for the week ended August 5, increased by 5.5 million barrels, or 1.3%, to 432 million barrels, although analysts almost did not expect the growth of reserves, which have now reached the highest level this year.

Markets also continue to assess factors pointing to an increase in black gold supply. For example, Transneft has started to resume pumping oil through the southern branch of the Druzhba pipeline through Ukraine towards Hungary and Slovakia.

Earlier we reported that international oil prices continue to rise on news of supply restrictions in Europe.