Crude prices are recording slight declines in the middle of the trading session of the American day today, Wednesday, April 27 (April), with some stability, despite the rise in US crude stocks last week, as American crude (NYMEX) is trading at levels of 101.45 dollars a barrel, down by 0.25%, while Brent crude is declining By 0.22%, it was trading at $104.76 a barrel.
The report of the American Energy Information Administration issued a few moments ago showed a decline in stocks by 700 thousand barrels in the last week ending on the 22nd of April, compared to expectations that indicated a rise of about 2.2 million barrels. Heating fuel and diesel about 1.4 million barrels.
Crude prices have been affected since the beginning of the week by the strong rises of the US dollar and its trading at its highest levels since 2017, as the rise of the US dollar causes the cost of commodity prices, which made the purchase of oil more expensive for holders of other currencies.
02/11/2024
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