Crude prices record highs in the middle of the trading session today, Wednesday, August 18th, and before the opening of the American markets for the first time, after continuous declines since the beginning of the week, as American crude (NYMEX) rises by about 0.63% and is trading at levels of $67.01 a barrel, while Brent crude is trading at levels of 69.58 Dollars per barrel, up by 0.80%, amid anticipation in the markets for the official US stockpile statement from the US Energy Information Administration in the US session.
The data issued by the American Petroleum Institute yesterday, Tuesday, showed in the preliminary reading of stocks that crude stocks fell in the last week ending on August 13 by 1.2 million barrels, and in details, gasoline stocks fell by about 1.2 million barrels, while distillate stocks rose, which include heating and diesel fuels. About 502 thousand barrels.
Crude has been subjected to selling pressures since the beginning of the week, with market concerns about fuel demand expectations rising amid the continuous rise in Corona injuries in its new strain, Delta, in the largest crude consuming countries in the world.
06/11/2024
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