Crude prices are recording declines for the second consecutive session in the middle of the European session today, Wednesday, February 9th, and before the opening of the American markets, after the two crude recorded losses of about 2% when settling for yesterday’s session, as American crude (NYMEX) loses at levels of 89.25 dollars per barrel, down by 0.12% Brent crude loses about 0.32%, trading at levels of $90.50 a barrel, amid anticipation in the markets for the report of the US Energy Information Administration this evening, to announce US stocks, amid expectations that stocks will rise by about 1.5 million barrels.

The preliminary reading of stocks issued by the American Petroleum Institute issued yesterday evening, Tuesday, showed a decline in stocks in the last week ending on the fourth of February, by 2 million barrels, and in details, gasoline stocks fell by 1.1 million barrels, while stocks of distillates, which include heating and diesel fuels, also decreased by about 2.2 million barrels.

The US Energy Information Administration raised its forecast for oil prices this year in its monthly report, as the agency expects Brent crude to average $82.87 a barrel, an increase of 10.6% compared to January estimates, while the average US crude (NYMEX) is expected to reach $79.35 a barrel, an increase of 11.2. % compared to January estimates.

Crude prices are affected during the session today, Wednesday, by the resumption of talks between Washington and Iran to revive the nuclear agreement, and thus the high expectations that the United States of America will lift sanctions on Iran and Iranian oil, and the increase in supply in the markets.