International oil prices varied during Thursday's trading, amid anticipation of the release of US inventory data and follow-up on developments in supply and demand for crude.
Brent crude futures for March delivery fell 0.2%, or $0.18, to $88.26 a barrel.
On the other hand, the price of US NYMEX crude for February delivery rose by 0.36%, or the equivalent of $0.31, at the level of $87.27 a barrel.
The short-term supply disruptions, coinciding with geopolitical tensions, are contributing to tightening conditions in the banking group, ANZ Banking Group analysts said in a note cited by Reuters. Oil market.
While the International Energy Agency expected global oil demand to recover to pre-pandemic levels in 2022, it warned at the same time that the supply of crude would exceed demand for a period briefly, in light of expectations that some producers will pump crude at or above the highest levels ever.
The data of the American Petroleum Institute revealed yesterday that oil inventories rose by 1.4 million barrels for the week ending January 14, while the US Energy Information Administration announced official stock data in Later today.
