International oil prices fell slightly during morning trading on Wednesday, in light of the anticipation of US inventory data, which is scheduled to be released later in the day.
The initial estimates that indicated an increase in US crude stocks, in addition to China's announcement of its intention to intervene in the coal market to end the price jump, contributed to the decline in oil prices.
The National Development and Reform Commission in China announced yesterday that it is evaluating measures to intervene in prices, and is studying plans to raise coal production to 12 million tons.
In terms of oil trading today, Brent crude futures for December delivery fell 0.3% to $84.79 a barrel.
The US NYMEX crude contracts for November delivery also fell by 0.2%, reaching the level of $82.76 a barrel.
The data of the American Petroleum Institute revealed yesterday that oil inventories in the United States rose by about 3.3 million barrels for the week ending October 15, 2021.
