International oil prices returned to rise during trading on Wednesday, after giving up the gains they had recorded after the invasion of Ukraine, as attention is currently focused on the prospects of a decline in demand for crude in Corona injuries continued to increase in China.
China has imposed several closures across the country, as it wants to contain Corona infections in light of the most violent outbreak of the virus in two years.
With regard to the developments of the Russian invasion of Ukraine, President Vladimir Putin assured European Union President Charles Michel that Kyiv did not show a serious position towards finding acceptable solutions in the talks aimed at To end the fighting.
With regard to oil trading today, the futures contracts for Brent crude, the standard for May delivery, rose by 2.16% to reach $102.07 a barrel.
The US NYMEX crude contracts for April delivery also rose by 1.77% at the level of $98.20 a barrel.
The data of the American Petroleum Institute revealed that crude oil inventories in the United States increased by 3.75 million barrels for the week ending on March 11th.
The US Energy Information Administration will release official inventory data later in the day.
