The stability of oil prices amid the focus on growth and stock levels

Oil prices stabilized as attention focused on growth expectations in the United States after the Federal Reserve kept interest rates unchanged, while the data showed an increase in fuel consumption. The West Texas Raw, the mediator, maintained its level above $ 67 a barrel after earning modest profits on Wednesday, while Brent roughly closed without $ 71. A high degree of uncertainty recognized a great deal of uncertainty Jerome Powell, chairman of the Federal Reserve, as a result of changes in the policy of President Donald Trump, including trade. The new expectations have also shown that officials have reduced growth expectations for this year as they increase inflation. Meanwhile, the US petrol supply has fallen to the lowest level last week since the beginning of the year, and distillation products – a category that includes diesel – have fallen, which has calmed down fuel consumption concerns. On the other hand, rough shares rose less than a previous industrial report indicated, while the levels recorded a decrease in the coastal storage center, Oklahoma.