Crude prices are recording declines this morning, Wednesday, September 28, with the opening of the European markets, trimming the gains recorded yesterday, Tuesday, affected by the return of the US dollar to the rise since the Asian session, amid anticipation in the markets for the official stock figures.
Crude benefited during the session yesterday, Tuesday, from some reports issued by Reuters, which stated that Russia may ask OPEC + to reduce its oil production by about one million barrels in the meeting scheduled to be held next week on the 5th of October.
The report of the American Petroleum Institute showed in the preliminary reading of inventories issued yesterday, Tuesday, that US inventories rose in the last week ending on the 23rd of September by 4.1 million barrels.
In details, gasoline stocks fell by about 1.04 million barrels, while stocks of distillates, which include heating fuel and diesel, rose by about 400 thousand barrels.
Meanwhile, during the American session today, the markets are awaiting the report of the US Energy Information Administration, the official reading of stocks, as expectations indicate an increase in stocks by about 400 thousand barrels last week.
\Brent crude is trading at $85.26 a barrel, down by 1.17%, while American crude (NYMEX) is trading down by 1.32% at $77.46 a barrel.
02/11/2024
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