Oil prices rose at the settlement on Tuesday after temporarily suspended oil supplies to parts of East and Central Europe through part of the Drogba pipeline, according to the operators of the oil pipeline in Hungary and Slovakia.
The turmoil coincided with an explosion in a village in eastern Poland near the Ukrainian border, killing two people and caused the possibility of the extension of the Russian -Russian conflict.
In China, the increase in the cases of Coveyd -19 affects morale despite the hopes that have been accompanied by the restrictions related to the Corona virus this week.
This led to the weakening of oil demand growth expectations, as the International Energy Agency expected to slow demand to 1. 6 million barrels per day in 2023 from 2. 1 million barrels per day this year.
Earlier, the Organization of Petroleum Exporting Countries (OPEC) reduced its expectations for the growth of global oil demand in 2022 for the fifth time since April due to the escalation of economic challenges.
Prices move
Brent crude futures decreased 60 cents, or 0. 6 percent, to $ 93. 26 a barrel by 0501 GMT, while US West Texas Intermediate crude futures fell 69 cents, or 0. 8 percent, to $ 86. 23 a barrel.
Industry data showed a greater decrease than expected in US crude stocks, which provided some oil prices.
US crude oil stocks decreased by 5. 8 million barrels in the week ending November 11, according to market sources, quoting the numbers of the American Petroleum Institute.
The official US stock data from the Energy Information Administration is scheduled to be issued at 10:30 am EST (1530 GMT).
In the United States, the prices of producers rose less than expected in October, indicating that inflation began to decline, allowing the Federal Reserve to slow the pace of interest rates..
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