Oil prices stabilized during trading today, Wednesday, amid anticipation of the release of the monthly OPEC report, coinciding with concerns related to slowing global economic growth and rising inflation in light of the increase in coal and natural gas prices. in China, India and Europe.
OPEC is due to reveal later today, its monthly production report for September.
The International Monetary Fund lowered its forecast for global economic growth for this year from 6% to 5.9%, and lowered its growth estimates in the United States, amid concerns about disruptions in economic chains. supply and cost pressures, and the disparity in levels of growth between advanced and developing economies.
In terms of today's trading, the futures contracts for the benchmark Brent crude for December delivery settled at the level of $83.45 a barrel.
The US NYMEX crude contracts for November delivery also settled today at $80.66 a barrel.
