International oil prices fell in early trading on Thursday, amid anticipation of market conditions and developments in global supply and demand for crude.
Brent crude futures for December delivery fell today by 0.4% to $85.52 a barrel.
The US NYMEX crude for December delivery also fell 0.2% at $83.29 a barrel.
This drop came in conjunction with a sudden drop in US oil stocks last week, by about 400 thousand barrels, contrary to expectations of a rise.
Victor Shum, vice president of energy consulting at IHS Markit, said in statements to Bloomberg Agency, that the issue of stagnating oil supply that emerged with the closures related to Corona in 2020 has vanished, and the demand for crude has not returned to pre-pandemic levels, but the balance between supply and demand has become established.
Oil prices rose at the settlement of trading yesterday, Wednesday, as the benchmark Brent crude for December delivery rose by 0.9% at $85.82 a barrel, and the price of Nymex crude rose by 1.2 % at $83.42 a barrel.
