{"id":5799,"date":"2023-01-11T08:42:57","date_gmt":"2023-01-11T08:42:57","guid":{"rendered":"https:\/\/fayezalajmi-4x.com\/?p=5799"},"modified":"2023-01-11T08:42:57","modified_gmt":"2023-01-11T08:42:57","slug":"crude-is-on-the-decline-amid-anticipation-of-inventory-figures","status":"publish","type":"post","link":"https:\/\/fayezalajmi-4x.com\/en\/crude-is-on-the-decline-amid-anticipation-of-inventory-figures\/","title":{"rendered":"Crude is on the decline amid anticipation of inventory figures"},"content":{"rendered":"<p><\/p>\n<p style=\"text-align: left;\">\u00a0<span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">Crude prices recorded declines in the early trading of the European session today, Wednesday, January 11, after increases of more than 0.70% yesterday, Tuesday, amid anticipation in the markets for the official figures for inventories from the US Energy Information Administration today, as Brent crude declines by about 0.40%, trading at levels of $ 79.77 a barrel, while crude loses<\/span><\/span> <span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">The American (NYMEX) decreases by 0.60%, and is trading at $74.68 per barrel.<\/span><\/span><\/p>\n<p style=\"text-align: left;\"><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">The report of the American Petroleum Institute had shown in the preliminary reading of inventories issued yesterday, Tuesday, that US stocks had increased in the past week ending on the sixth of January by 14.8 million barrels, compared to expectations that indicated a decrease of about 2.2 million barrels.<\/span><\/span><\/p>\n<p style=\"text-align: left;\"><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">In details, gasoline stocks increased by about 1.8 million barrels, and stocks of distillate products, which include heating fuel and diesel, increased by about 1.1 million barrels.<\/span><\/span><\/p>\n<p style=\"text-align: left;\"><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">Estimates indicate that today&#8217;s official stocks will decline from last week by about one million barrels.<\/span><\/span><\/p>\n<p style=\"text-align: left;\"><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">On the other hand, the US Energy Information Administration lowered its forecast for oil prices, as it expects the average price of US crude to reach $77.18 a barrel this year, down by about 10.6% compared to its last estimates, while it expects the average price of Brent crude to reach $83.10 a barrel, compared to $92.36.<\/span><\/span> <span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">per barrel compared to previous estimates.<\/span><\/span><\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>\u00a0Crude prices recorded declines in the early trading of the European session today, Wednesday, January 11, after increases of more than 0.70% yesterday, Tuesday, amid anticipation in the markets for the official figures for inventories from the US Energy Information Administration today, as Brent crude declines by about 0.40%, trading at levels of $ 79.77 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-5799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-currency-markets"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u0627\u0644\u062e\u0627\u0645 \u0639\u0644\u0649 \u062a\u0631\u0627\u062c\u0639 \u0648\u0633\u0637 \u062a\u0631\u0642\u0628 \u0644\u0623\u0631\u0642\u0627\u0645 \u0627\u0644\u0645\u062e\u0632\u0648\u0646\u0627\u062a<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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