Oil prices fell during today's trading, Wednesday, amid expectations of an increase in crude stocks in America by more than half a million barrels last week, and following up on Corona developments in light of the continued increase in injuries globally.
Russian Energy Minister Alexander Novak said that his country will not take decisions on the future of the OPEC + agreement to reduce oil production until next month's meeting, adding: We will take a deeper look at the situation in Within a month, then we will come up with a specific position on the agreement.
In terms of trading, Brent crude futures for December delivery fell 0.9% to $ 42.78 a barrel.
US Nymex crude for December delivery fell 0.8% at $ 41.36 a barrel.
The American Petroleum Institute data revealed that oil inventories rose by 584 thousand barrels in the week ending October 16.
The Energy Information Administration is due to release official US stockpile data for last week later today.
