global oil prices rose during trading today, Wednesday, before the release of US stockpile data, and in anticipation of the OPEC + meeting tomorrow, Thursday.
Analysts at ANZ stressed that OPEC + should answer the question of whether the recovery in demand levels is strong in shape. Enough to continue increasing production or not, according to Reuters.
while the OPEC expert panel called for cautious optimism due to market uncertainty and macroeconomic sentiment.
In terms of trading, Brent crude futures for May delivery rose by 0.3%, reaching at the beginning of today's session, to $ 62.91 a barrel.
US Nymex crude for April delivery rose 0.2%, to reach at the start of trading today, to $ 59.84 a barrel.
The American Petroleum Institute estimates showed that oil inventories in the United States rose by 7.4 million barrels in the week ending February 26.
The US Energy Information Administration is due to release official stockpile data for the past week later today.
