Oil prices declined during trading Wednesday, before the release of US stockpile data, amid expectations of an increase, as the cold weather wave in the southern United States dampened demand for crude.
An analyst at Commerce Bank said that the main question at the moment is how quickly the supply of crude will recover, indicating that it is expected that it will exceed demand in the five-week period Upcoming, which gives negative signals to the markets, according to Reuters.
In terms of trading, Brent crude futures for April delivery fell 0.4% to $ 65.08 a barrel.
US Nymex crude for April delivery also fell 0.9% at $ 61.13 a barrel.
According to data from the American Petroleum Institute, stocks rose by about one million barrels in the week ending February 19.
official Energy Information Administration will release official stock data later today.
