International oil prices stabilized at the beginning of trading on Thursday, after the sudden increase in crude stocks in the United States and with the follow-up to the latest developments in the Corona pandemic.
While a research note from the Commonwealth Bank indicated that the decline in gasoline stocks in the United States to the lowest level since November 2020 indicates that conditions for fuel demand remain resilient, expected The average price of Brent crude reached $85 a barrel in the fourth quarter.
At the same time, investors are following the developments of the delta variable of the Corona virus, which is recording a wide spread in China and the United States, amid concerns about the repercussions of this on demand for crude.
In terms of today's trading, the futures contracts for the benchmark Brent crude for October delivery settled at the level of $70.37 a barrel.
The US NYMEX crude contracts for September delivery were also stable today, recording $68.16 a barrel.
