global oil prices continued to decline during trading on Thursday, amid concerns about the speed of recovery of demand for crude, coinciding with the trend of European countries to re-apply closure measures in light of the increase in the spread Coronavirus.
Although the US Energy Information Administration data showed a decline in oil stocks by about one million barrels during the week ending October 16, 2020, gasoline stocks increased by 1.9 million barrels over the same period Period.
In a separate context, White House Chief of Staff Mark Meadows announced, yesterday, Wednesday, that they are looking forward to reaching a financial stimulus deal within the next 48 hours.
futures contracts for Brent crude fell by 0.4% to the level of 41.58 dollars per barrel, and US Nymex crude contracts fell by 0.5% to 39.85 dollars a barrel. >
The price of benchmark Brent crude contracts fell yesterday by about 3.3%, equivalent to $ 1.43 to $ 41.73 a barrel. The price of US NYMEX crude futures decreased by 4%, equivalent to $ 1.67 to $ 40.03 a barrel.
