International oil prices varied during Thursday's trading, as the (OPEC +) ministers prepared to meet to discuss the group's supply policy, and it is expected that a modest increase will be approved. In supplies for August.
Brent crude futures for August delivery fell 0.15%, or the equivalent of 17 cents, to $116.10 a barrel, while US crude futures for August delivery rose by 0.24% today. or the equivalent of 27 cents to $110.05 per barrel.
The US Energy Information Administration's report showed a decline in crude oil inventories by 2.8 million barrels in the week ending on the twenty-fourth of June, compared to expectations for a decline of only 569,000 barrels, while it rose Gasoline and distillate stocks in the United States.
Bloomberg news agency reports yesterday revealed plans by Germany's Bayerneuil to impose restrictions on diesel and heating oil deliveries to customers for several days, starting Thursday, after lightning struck the facility, which could further exacerbate shortages. Diesel supply in the European market is putting pressure on prices.
On the other hand, Bjarne Schieldrop, senior commodity analyst at SEB Bank, expects oil prices to rise above $200 a barrel if the G7 manages to set a ceiling for the price of oil. Russia, while US Treasury Secretary Janet Yellen continued to pressure European countries to speed up a price cap currency.
