Oil prices rose, during trading today, Wednesday, after data showed that US crude inventories fell unexpectedly last week.
Brent futures rose 0.54% to $ 68.76 a barrel, by 09:00 Moscow time, while US West Texas Intermediate crude futures rose 0.60% to $ 65.19 a barrel.
Oil prices have declined over the past few days, as more European countries halted immunization from Covid-19 due to concerns about possible dangerous side effects, which could slow the recovery in fuel demand.
In a research note, ANZ Bank said that while demand is growing in India and the United States, it is still weak in Europe, indicating that the consumption of onshore fuel in France decreased 10.8% in February compared to the same period last year. .
In a positive sign, US crude inventories fell 1 million barrels in the week ending March 12, according to trade sources based on data from the American Petroleum Institute. Analysts had expected an increase of three million barrels.
At the same time, gasoline inventories decreased less than expected, dropping 926,000 barrels compared to estimates of a decrease of 3 million barrels.