After two sessions of decline that exceeded 9% in the first sessions of the year 2023, in the worst start since 1993, crude prices returned to the rise this morning, Thursday, January 5th, with the opening of the European markets, ignoring the rising market concerns about slowing global economic growth, amid anticipation of the first stock numbers for the new year from the management US Energy Information.

The report of the American Petroleum Institute had shown in the preliminary reading of stocks for the new year issued yesterday, Wednesday, that US stocks had risen in the past week, ending on the thirtieth of December, by 3.3 million barrels.

In details, gasoline stocks increased by about 1.2 million barrels, while distillate stocks, which include heating fuel and diesel, decreased by about 2.4 million barrels.

Estimates indicate that the official stocks today will be higher than last week by about 1.5 million barrels.

Brent crude rose by 0.98%, as it traded at $78.60 per barrel, while US crude (NYMEX) traded at $73.60 per barrel, up by 1.04%.