Oil fluctuates between rising inventories and OPEC+ production plans

Price action

Crude oil futures fell Brent Two years, or 0.03 percent, were at $73.60 a barrel by 01:45 GMT, while U.S. West Texas Intermediate crude futures were down three cents, or 0.04 percent, at $69.91, according to the data Reuters.

Yesterday, Tuesday, Brent made the biggest increase in two weeks, when it rose 2.5 percent.

Data from the American Petroleum Institute showed that stocks… oil Crude oil in the United States rose by 1.2 million barrels last week.

It also grew Gasoline stocks 4.6 million barrels, although the week included Thanksgiving, when demand is usually high as families travel by car for the holiday.

The publication of official data is expected Oil stocks From management US Energy Information (15:30 GMT) Wednesday. Analysts polled by Reuters expected a decline of 700,000 barrels of crude oil and an increase of 639,000 barrels of gasoline.

Industry sources told Reuters that the Organization of the Petroleum Exporting Countries (OPEC) and her allies in what is known as a group OPEC+ They are likely to extend output cuts until the end of the first quarter of next year, when members meet tomorrow, Thursday, which should support prices.

Investors also continued to monitor tensions in the Middle East to see its impact on oil-producing countries in the region.

Yesterday, Tuesday, Israel threatened to return to war with Hezbollah if the truce between them collapses, in which case it will launch attacks deep into Lebanon and target the country itself.