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Stability of crude prices and anticipation of the inventory statement
image 7 April، 2021
image ابحاث السوق
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Crude prices recorded some slight rises with stability during the beginning of the trading session today, Wednesday, the seventh of April, coinciding with the opening of the European markets, where Brent crude is trading at levels of 62.74 dollars per barrel, close to the closing prices of the session on Tuesday, while US crude rose by about 0.03 percent. It is trading at $ 59.35 a barrel. Crude prices are awaiting the American session today, Wednesday, the official report from the US Energy Information Administration to reveal the US crude stocks last week, amid expectations that stocks will decline by about 700 thousand barrels, especially after the American Petroleum Institute report showed yesterday, Tuesday, that stocks decreased by 2.6 million barrels in the last week that ended. On the second of April. In the details of the American Petroleum Institute report, gasoline stocks rose by about 4.6 million barrels, while distillate stocks, which include heating fuels and diesel, rose by about 2.8 million barrels. On the other hand, the monthly report of the US Energy Information Administration showed that oil production in the United States of America is expected to decline by 270 thousand barrels in the current year to reach 11.04 million barrels per day compared to its previous monthly forecast of a decline by 160 thousand barrels

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