International oil prices ended lower yesterday, Wednesday, in conjunction with the announcement by the US Energy Information Administration of a sudden rise in US crude stocks.
The price of the Brent crude oil futures contract for December delivery, upon settlement of trading yesterday, decreased by 2.1%, or the equivalent of $1.82, to reach $84.58 a barrel.
And yesterday, the price of US NYMEX crude for December delivery fell by 2.4%, or the equivalent of $1.99, at the level of $82.66 a barrel.
The US Energy Information Administration revealed earlier yesterday evening, that crude stocks in the United States rose by 4.3 million barrels for the week ending on October 22, while expectations were Indicates a fall of 100,000 barrels.
The weekly report also showed that US gasoline stocks fell by two million barrels last week, and distillate stocks fell by 0.4 million barrels.
Investors are awaiting the meeting of the (OPEC +) group next week, amid expectations of stabilizing the oil production policy, which indicates a monthly increase of 400,000 barrels per day until February 2022.
