Oil prices rose Wednesday, driven by a drop in US crude inventories last week, despite warnings that prices were affected by increased US production and reduced demand due to seasonal factors.

By 07:29 GMT, Brent crude futures were $ 67.39 a barrel, up 53 cents from the previous close.

US West Texas Intermediate crude futures were $ 63.85 a barrel, up 46 cents

Traders confirm that the market supported the report of the American Petroleum Institute on Tuesday, which said that US oil inventories fell 1.1 million barrels to 2 February to 418.4 million barrels.

Others warn of the danger of falling oil prices because of The impact of financial markets, and weak demand due to seasonal factors, as expected N declining demand in the short term due to the maintenance of oil refineries scheduled the end of the winter.

Source: "Reuters"

Fred Gaerli


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