Oil prices rose during trading today, Wednesday, amid anticipation of the release of US stockpiles data and following up on the latest developments in the Corona pandemic.
Today, the benchmark Brent crude for March delivery rose by 0.1% to reach $83.82 a barrel, while the US Nymex crude for February delivery rose 0.27% to the level of $81.44 a barrel.
A report by the US Energy Information Administration showed, on Tuesday, that US oil production may rise to 11.8 million barrels per day in 2022, and then to a record level of 12.4 million barrels per day in 2023.
The data of the American Petroleum Institute revealed that crude oil inventories in the United States decreased by 1.1 million barrels for the week ending January 7, while gasoline stocks increased by 10.9 million barrels during the same period. .
The US Energy Information Administration is due to release official inventory data later today.