The performance of oil prices varied during trading today, Wednesday; Amid concerns about supply after Saudi Arabia extended production cuts to August and Russia cut its oil exports.
Today, traders are awaiting the statements of Saudi Energy Minister Prince Abdulaziz bin Salman, during a speech at the eighth international “OPEC” symposium held in Vienna.
Today, the American Petroleum Institute estimates of last week's oil inventories are scheduled to be released, with the Energy Information Administration to announce official data tomorrow.
Brent crude oil futures for September delivery fell 0.55%, or 42 cents, at $75.83 a barrel, at 08:06 am Cairo time.
US crude futures for August delivery rose 1.6%, or $1.12, to $70.91 a barrel. The contracts were not settled yesterday due to the US market holiday.
