Oil prices rose during trading on Thursday, with crude stocks in the United States of America falling to the lowest level since January 2020 last week, and amid following up on the latest developments in the Corona pandemic.< /p>
According to Reuters, analysts of the financial services company (ANZ) see that the decline in crude stocks indicates that the increase in Corona virus infections due to its (delta) variable Little effect on navigation.
The data of the US Energy Information Administration revealed that oil stocks in the United States fell by 4.1 million barrels for the week ending on July 23.
Separately, Federal Reserve Chairman Jerome Powell warned that the US economy is not in the stage to cut monetary stimulus.
In today's trading, Brent crude futures for September delivery rose by 0.5% to reach $75.09 a barrel.
The US NYMEX crude contracts for September delivery also rose 0.5% at the level of $72.76 a barrel.
