Its prices oil They are steadily rising, expanding the earnings of the previous day, as the largest from the expected decline in US slow reserves marked steady demand, while investors remained cautious about the Iran -Israel and stability in the Middle East.
Futures of the Brent crude oil increased by 12 cents or 0.2% to $ 67.80 a barrel. The US Slow West Texas Intermedia (WTI) won 20 cents or 0.3% at $ 65.12. Both reference indicators rose nearly 1% on Wednesday, recovering from losses at the beginning of the week, as data showed resistant demand in the US.
“Some buyers favor the stable demand indicated by the reduction of stocks in weekly US statistics,” said Yuki Takasima, an economist at Nomura Securities. “But investors remain nervous, seeking clarity about the situation of the Iranian -Israel truce,” he said, adding that market attention is now shifting to OPEC+production levels.
Takasima predicted that the WTI would probably return close to $ 65-$ 65, that is, at pre-drilling levels.
US reserves of crude oil and fuel declined last week, as refining activity and demand increased, as announced by the EIA Information Information (EIA) yesterday (25.6.2025).
Arrgos reserves decreased by 5.8 million barrels a week that ended on June 20, EIA announced, surpassing analysts’ expectations of Reuters poll to reduce a 797,000 barrels.
Petrol reserves have unexpectedly reduced by 2.1 million barrels, compared to forecasts for an increase of 381,000 barrels, as the supplied petrol supplies has increased to the highest level since December 2021.