AA / Istanbul
Crude oil prices rose in Wednesday’s trade, supported by falling U.S. crude reserves and expectations of a gradual improvement in demand, with restrictions and containment measures lifted around the world for stem the coronavirus pandemic.
Oil reserves in the United States fell by 439,000 barrels in the week ending May 21, according to preliminary data released Tuesday by the American Petroleum Institute (API).
Today, Wednesday, the markets are awaiting the announcement of official data relating to US reserves by the Energy Information Administration (EIA). Forecasts anticipate a decline in reserves of 2.2 million barrels.
At 9:29 a.m. GMT, benchmark global Brent futures for August delivery rose 0.45%, or 31 cents, to $ 68.94 a barrel.
US West Texas Intermediate crude futures, for delivery in July, also rose 0.03%, or two cents, to $ 66.09 a barrel.
The Bloomberg agency reported on Wednesday that the total number of anti-virus vaccines distributed worldwide has now stood at 1.71 billion doses distributed in 176 countries since Tuesday yesterday.
Bloomberg has indeed drawn up a vaccine map updating details regarding the list of countries with the highest number of doses of Covid-19 vaccines.
* Translated from Arabic by Mounir Bennour.
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