Crude prices regain part of their luster and strength during the trading session today, Wednesday, February 16, and record some increases to compensate for part of the losses incurred yesterday, which exceeded 3% at the closing, coinciding with the calming of fears about the Russian-Ukrainian conflict after reports confirmed the withdrawal of part of the Russian forces from Ukraine’s borders, amid anticipation in the markets for the US stockpile statement, which will be issued by the US Energy Information Administration on Wednesday.

The report of the American Petroleum Institute in the preliminary reading of stocks showed a decline in crude stocks in the United States of America by 1.1 million barrels in the last week ending on the 11th of this February, and in details, gasoline stocks fell by about 923 thousand barrels, while stocks of distillates, which include fuel Heating and diesel about 546,000 barrels.

It is estimated that the US Energy Information Administration may announce a decline in stocks by about 1.5 to 1.6 million barrels last week.

On a related note, we followed, moments ago, statements by the Director of the International Energy Agency, Al-Fategh Birol, at a conference in Saudi Arabia, in which Birol expressed his hope that OPEC + would reduce the gap in supply and narrow the gap between their production goals and actual production.

Brent crude is trading at levels of $93.97 a barrel, an increase of about 0.74%, after declines of about 3.3% recorded by Brent yesterday, Tuesday, while American crude (NYMEX) is trading at levels of $ 92.52 a barrel, an increase of about 0.50%, after losses of about 3.6% recorded by the NYMEX at the close on Tuesday. .