International oil prices rose during trading on Wednesday before the release of US inventory data, which is expected to be announced later today, as initial expectations indicate a decline in stocks.
Yesterday, data from the American Petroleum Institute revealed that oil stocks in the United States fell by 3 million barrels for the week ending on March 25.
Attention is also focused on the (OPEC +) meeting scheduled for tomorrow, Thursday, which discusses the policy of crude supply for next May.
In terms of today's trading, Brent crude futures for May delivery rose by 0.79% to reach $111.10 a barrel.
The US NYMEX crude contracts for May delivery also rose by 0.83% at the level of $105.11 a barrel.
