Oil prices fell during trading on Wednesday, before the release of US inventories data, amid expectations of a rise, and with renewed concerns about the levels of global demand for crude.
The American Petroleum Institute data revealed an increase in oil stocks by 4.1 million barrels for the week ending September 24, 2021, while the Energy Information Administration is scheduled to announce official data at a later time. Today.
While some banks have issued expectations that Brent crude will continue to rise during the remainder of this year and next year (2022), as Goldman Sachs believes that Brent crude may reach To $90 by the end of this year, Barclays also raised its crude price forecast for next year to $77.
In today's trading, Brent crude futures for November delivery fell by 1.7% to $77.73 a barrel.
The US NYMEX crude contracts for November delivery also fell by 1.8% at the level of $73.93 a barrel.
