International oil prices fell during trading today, Tuesday, amid fears related to the decline in global stocks, with many countries heading to withdraw from the strategic oil reserves.
Today, Brent crude futures for January delivery fell 0.9% to $78.95 a barrel.
The US NYMEX crude contracts for January delivery also fell by 1.2%, to $75.82 a barrel.
A Reuters report stated that the United States has not taken any decision regarding the withdrawal of the strategic oil reserve in conjunction with other countries so far.
But at the same time, Bloomberg Agency confirmed that OPEC and its non-OPEC allies are considering reassessing plans to increase oil supplies in the event that oil-consuming countries withdraw their strategic reserves.
In a separate context, Louise Dixon, an analyst at Rystad Energy, confirmed that demand for jet fuel in Europe during November may decline to 7.8 million barrels per day, compared to 8 .1 million barrels per day in October, coinciding with the closure restrictions that the continent is currently experiencing.
