Oil prices fell during Thursday's trading, before the release of US inventory data, and with the follow-up to the developments in the crude market after the failure of OPEC + to reach an agreement on production.

According to Reuters, analysts at (ANZ) said that the failure of the OPEC + group to reach a new production agreement to support a global economy recovering from the Corona pandemic creates a situation of uncertainty. Certainty.

While the US Energy Information Administration expected a decline in crude production in the United States by 210 thousand barrels per day in 2021 to 11.10 million barrels per day, compared to previous expectations that it would decrease by about 230 thousand barrels per day.

In today's trading, Brent crude futures for September delivery fell 0.2% to $73.29 a barrel.

The US NYMEX crude contracts for August delivery also fell 0.3% at $71.99 a barrel.

The American Petroleum Institute data revealed that oil inventories in the United States decreased by 7.98 million barrels for the week ending on July 2.

The US Energy Information Administration is scheduled to release, later today, inventory data for the past week.