Crude records highs before the opening of the American markets mid-session today, Wednesday, September 15th (September), as Brent crude rises by about 1.17%, trading at levels of 74.46 dollars a barrel, while the American crude (NYMEX) rises by about 1.38% and trades at levels of 71.43 dollars a barrel, amid anticipation in the markets For the US Energy Information Administration’s inventory statement, which will be released in less than three hours, the market expects inventories to decline by about 3.5 million barrels and for gasoline stocks to decline by about 2.2 million barrels.

The report of the American Petroleum Institute, issued yesterday, Tuesday, showed a decline in crude stocks in the United States of America in the last week ending on the tenth of September, by 5.4 million barrels, more than expected, which indicated a decline of 3.9 million barrels, and in details, gasoline stocks fell by about 2.8 million barrels. Stocks of distillates, which include heating fuel and diesel, fell by about 2.9 million barrels.

American oil production has been affected since late August by Hurricane Ida, which caused the closure of many refineries and offshore exploration, and American companies are trying to restore production at a slow pace. With more than 1.4 million barrels a few days ago, which means the return of nearly 60% of production to the market.

On the other hand, comes the new Storm Nicholas, which moved across the Gulf Coast on Tuesday, to flood the states of Texas and Louisiana with heavy rains, raising the concerns of American producers about returning to the stages of full production soon.