Crude prices are recording weak and stable trading during the European session on Thursday, November 25, affected by the absence of the American markets that celebrate the Thanksgiving holiday, and thus the lack of liquidity. 0.18% and is trading at 78.24 dollars per barrel, with attention directed towards the meeting of the Organization of the Petroleum Exporting Countries and its non-OPEC producing allies next week.

The markets are waiting for the OPEC + meeting next week to see if the organization will change its policy after the decision of the United States of America and its allies to release the strategic oil reserve, or will it stick to its current plan to gradually increase production by 400,000 barrels per day on a monthly basis.

Informed sources confirmed to Reuters that the organization is currently not discussing any halt to production increases temporarily, as confirmed by the UAE Ministry of Energy, which announced its full commitment to the agreement with OPEC + and that there is no prior position regarding the next meeting.

In a related context, the data of the US Energy Information Administration in the official reading of stocks released yesterday, Wednesday, showed that inventories rose by about one million barrels in the last week ending on the 19th of November, exceeding expectations that indicated a decline of about 1.7 million barrels and compared to the estimates of the Petroleum Institute, which announced a rise of 2.3 In detail, gasoline stocks fell by about 600,000 barrels, while stocks of distillates, which include heating and diesel fuels, fell by about 2 million barrels.