Crude prices are recording rises this morning, Wednesday, the ninth of June, to trade at their highest levels in two years, supported by statements from the United States of America that US sanctions on Tehran will remain a large part of them even if a nuclear agreement is reached, which dispelled market fears about the return of Supplies from Iran to the world market soon. Crude also received support from declines in US oil inventories in the preliminary reading issued by the American Petroleum Institute last week ending on the fourth of June (June) in its weekly report issued on Tuesday to 2.1 million barrels. In details, gasoline stocks rose by about 2 million barrels, while stocks of distillates, which include heating and diesel fuels, rose by about 3.8 million barrels, by 3.8 million barrels. The markets are awaiting the report of the US Energy Information Administration, which will be issued today, Wednesday, to announce the official report on stocks. Expectations indicate a decline in stocks by about 4 million barrels last week. The US Energy Information Administration has announced that the US oil production is expected to decrease by 230,000 barrels per day this year to reach 11.08 million barrels per day. US crude (NYMEX) is trading at levels of $70.37 a barrel, an increase of about 0.46%, its highest level since October of 2018. On the other hand, Brent crude is trading at its highest level since May of 2019 at levels of $72.59 a barrel, an increase of about 0.51%.