Oil prices have stabilized after it dropped about 7% this week before the “OPEC+” meeting is scheduled for the weekend, which could be the return of more supplies to the market, amid expectations of a vaccination in the supply. Brent -Ruolie traded below $ 66 a barrel, while West Texas were the mediator near $ 62. Wednesday, the US Energy Information Administration reported that US crude oil stocks have increased for the first time in three weeks, while gasoline supplies have jumped with the largest frequency since June. The operating figures of refineries also dropped, probably due to maintenance work. Also read: Saudi oil exports jump to their highest levels in 18 months with an increase in OPEC+supplies expected to agree on the “OPEC+” alliance at the Sunday meeting to increase the production for November, at a time when expectations indicate that there is a surplus on the horizon. Some banks in Wall Street expect Brent -Ru to drop to an extent of $ 50 a barrel next year. At the same time, the Turkish port of Jihan is scheduled to see the download of the first oil shipping from the Kurdistan region in Iraq since 2023, after reaching an agreement last month to resume the flow, which brought more offer to market.
Oil prices after a landing amid anticipation of the “OPEC+” meeting
