International oil prices fell during trading today, Wednesday, amid a state of anticipation for the outcome of the (OPEC +) meeting tomorrow, Thursday, and before the release of US inventory data Amid anticipation of its rise.
The American Petroleum Institute data revealed an increase in oil stocks by 3.6 million barrels for the week ending October 29, 2021, while the Energy Information Administration announced later today, official US stockpiles data. .
According to Reuters news agency, analysts at (ANZ) said that crude prices are declining due to increased pressure on OPEC to increase production, and that US President Joe Biden is leading calls Major economies will increase the production of the group beyond agreed levels.
In terms of today's trading, Brent crude futures for January delivery fell 1.2% to $83.70 a barrel.
The US NYMEX crude contracts for December delivery also fell by 1.6% at the level of $82.56 a barrel.
