Crude is trading down with the beginning of the European session trading today, Thursday, August 26th, after risings that continued for three consecutive sessions, in which crude achieved gains of more than 10%, as Brent crude is trading at levels of $71.51 a barrel, down by about 1.02%, while US crude (NYMEX) is declining. ) by about 1.01%, trading at levels of $ 67.67 a barrel, despite the rise in fuel demand in the United States of America to its highest level since March 2020.

And the report of the US Energy Information Administration issued yesterday, Wednesday, showed that crude stocks in the United States of America decreased in the last week ending on the twentieth of August for the third week in a row by 3 million barrels to reach 432.6 million barrels, the lowest level since January 2020, compared to expectations that indicated a decline. By about 2.7 million barrels, and in detail, gasoline stocks fell by about 2.2 million barrels, while distillate stocks, which include heating and diesel fuels, rose by about 600 thousand barrels.

On the other hand, crude prices benefited in the past three sessions from a decline in Mexican supplies by more than 400,000 barrels per day after a fire at the weekend in an oil platform, while the Mexican state oil company stated that it expects to resume production by the 30th of August.