Markets move
Crude futures fell Brent Four cents, or 0.1 percent, to $72.79 per barrel by 0220 GMT, and US West Texas Intermediate crude futures fell one cent to $68.71 per barrel.
Trading is expected to be modest due to the holiday in the United States.
Information management said American energy Wednesday inventories benzene In the country, they rose by 3.3 million barrels in the week ending November 22, contrary to expectations of a slight decline in fuel stocks before the holiday season.
Analysts had expected a decline US gasoline stocks By 46 thousand barrels last week, according to a poll conducted by Reuters before the release of the Energy Information Administration report.
The impact of the slowdown in demand growth Fuel The two largest consumers, the United States and China, strongly affected oil prices this year, but supply cuts from a group OPEC+which includes the Organization of the Petroleum Exporting Countries (OPEC) Russia and other allies limited losses.
Two sources from the group told Reuters on Tuesday that member states were considering an additional postponement of a planned increase in production Oil It’s supposed to start in January. The group is scheduled to hold a meeting on Sunday to decide production policy for the first months of 2025.
The group, which pumps about half of the world’s oil, had previously announced that it would gradually reduce oil production cuts through small increases over several months in 2024 and 2025.
