Crude prices continue to record highs during today’s trading session, Thursday, June 24, and are trading at their highest levels in nearly a year, as Brent crude is trading at the highest levels of $75 a barrel, benefiting from the decline in US crude stocks, ignoring expectations that OPEC+ will A decision to increase production levels starting from August at its meeting to be held next week.

The official data issued by the US Energy Information Administration yesterday, Wednesday, showed a decline in US oil stocks in the last week ending on the 18th of June by 7.6 million barrels, compared to expectations that indicated a decline of 3.6 million barrels to reach the lowest level since March 2020 at 459.1 million. barrel.

In details, gasoline stocks fell by 2.9 million barrels, while expectations were for an increase of about 833 thousand barrels. On the other hand, stocks of distillates, which include heating fuel and diesel, rose by about 1.8 million barrels, compared to expectations that indicated a rise of 1.1 million barrels.

Brent crude is trading at levels of $75.62 a barrel, an increase of about 0.57%, while the American crude (NYMEX) is trading at an increase of about 0.44% at levels of $73.40 a barrel.