Crude prices settle in the middle of the trading session today, Thursday, August 12th, with some slight rises, as US crude (NYMEX) settles at the highest levels of $69, up by about 0.10%, trading at levels of $69.31 a barrel, while Brent crude is trading at levels of $71.61 a barrel on A rise of about 0.24% amid ignoring the report of the International Energy Agency issued a while ago.
And the International Energy Agency, in its monthly report issued moments before its estimates of the growth of global demand for oil for the current year, with the rise in fears about the return of the outbreak of the Corona virus in countries that are considered one of the largest consumers of crude in the world, and the report stated that global demand for oil may rise by 5.4 million barrels to 96.2 million barrels this year 2021 and 3.2 million next year.
In a related context, figures issued by the US Energy Information Administration yesterday, Wednesday, showed a decline in crude oil stocks in the United States of America by 400,000 barrels in the last week ending on August 6, compared to a decline of 600,000 barrels, and in details, gasoline stocks fell by about 1.4 million barrels. barrels, while stocks of distillates, which include heating fuel and diesel, rose by about 1.8 million barrels.
07/11/2024
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