Oil prices continued to decrease today, Thursday, with the decline in geopolitical tensions, while the increase in Coveyd-19 injuries in China reinforced the concerns associated with the demand in the world’s largest crude importer.
By 04. 30 GMT, Brent crude futures decreased $ 1. 04 or 1. 1 percent to $ 91. 82 a barrel, and West Texas Intermediate crude futures fell $ 1. 17 or 1. 4% to $ 84. 42 a barrel.
Brent crude fell 1. 1% on Wednesday, while West Texas Intermediate crude fell 1. 5%.
NATO Poland and NATO said yesterday, Wednesday, that a missile fell in Poland might be launched from the Ukrainian air defenses and not the result of a Russian blow, and reduced these concerns about the expansion of the war between Russia and Ukraine and its extension to the rest of the region.
Prices were also affected after a report of varying stocks from the US Energy Information Department.
Crude stocks in the United States, the largest oil consumer in the world, decreased 5.
4 million barrels per week ending November 11 to 435. 4 million barrels, according to the Energy Information Administration, which is much less than Reuters expectations of a decrease of more than 440 thousand barrels per day.
But gasoline stocks and distillation products have increased more than expected.
The Chinese National Health Committee said today, Thursday, that China recorded 23276 new injuries with the Coffee-19 disease..
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