International oil prices rose during trading on Tuesday, to trade below the $100 per barrel level, whether at the level of the benchmark Brent crude or the US Nymex crude contracts.
The rise in crude prices today came in conjunction with expectations of a possible announcement by the United States and its allies regarding oil stocks, which investors expect to reduce the sharp rise in the price of crude as a result of the invasion Russian for Ukraine.
And sources told Bloomberg News Agency, on Monday, that the United States is discussing with a number of countries the withdrawal of 60 million barrels of strategic oil reserves to curb high prices.
The sources confirmed that the United States is considering releasing 30 million barrels of oil reserves, with some allies withdrawing an additional 30 million barrels.
Meanwhile, all eyes are on the International Energy Agency, which has called an extraordinary ministerial meeting on Tuesday on the impact of Russia's invasion of Ukraine on oil supplies.
In terms of trading today, Brent crude futures for May delivery rose by 1.4% to reach $99.34 a barrel.
The US NYMEX crude contracts for April delivery also rose by 0.96% at the level of $96.64 a barrel.
