Crude prices are recording rises with the beginning of the trading session of the European session today, Thursday, July 29 (July) for the second session in a row, as Brent crude is trading at levels of 75.23 dollars a barrel, an increase of about 0.66%, while American crude (NYMEX) is rising by about 0.79% and is trading at 72.96 levels. Dollars per barrel, supported by the continued decline in crude stocks in the United States of America, the largest consumer of crude in the world.
The data of the US Energy Information Administration yesterday, Wednesday, showed a decline in stocks by 4.1 million barrels in the last week ending on July 23, compared to expectations that indicated a decrease in stocks by 2.5 million barrels, and compared to estimates by the American Petroleum Institute, which showed a decline of 4.7 million barrels, and in details, gasoline stocks fell By 2.3 million barrels, stocks of distillates, which include heating and diesel fuels, decreased by 3.1 million barrels.
On the other hand, oil production in the United States of America declined by about 200 thousand barrels last week, according to the report issued by the US Energy Information Administration, bringing the average production to 11.200 million barrels, compared to 11.400 million barrels in the previous week, while exports rose to 2.489 by 26 thousand barrels. Daily, imports fell by 590,000 barrels to reach 6.507 million barrels.
07/11/2024
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