Oil prices rose on September 5 against the background of data from the American Petroleum Institute (API) on a sharp decline in US reserves, Report informs referring to Interfax.

According to API estimates, oil reserves in the country decreased by 7.4 million barrels last week. Such a reduction, if confirmed by official data, will be the most significant since June.

The US Department of Energy will publish a weekly report on energy reserves in the country this evening.