Crude prices are recording highs in the middle of the trading session of the European session today, Wednesday, March 23, amid volatile transactions, as US crude (NYMEX) rises by about 0.70%, trading at levels of 110.04 dollars per barrel, while Brent crude rises by about 0.74% and trades at levels of 115.34 dollars per barrel amid The markets are awaiting the statement of the US Energy Information Administration and the official announcement of US inventories.

The report of the American Petroleum Institute issued on Tuesday in the preliminary reading of stocks announced a decline in stocks by 4.3 million barrels in the last week ending on the 18th of March, compared to expectation that indicated its stability.

Heating fuel and diesel about 826,000 barrels. Uncertainty continues in the oil markets, in addition to the high state of tension and anxiety due to the possibility of imposing more sanctions on Russia in the energy sector, especially from European countries, which will directly affect supplies.