In numbers .. high oil prices after increasing US crude stocks

The prices of crude oil futures ended on Wednesday with a sharp rise after the US Energy Information Administration data showed the increase in US crude stock during the past week with less than expectations, and the stock data and the dollar declined to push oil prices to the top.
On the other hand, fears of the repercussions of the customs war warfare between the United States and the countries of the world over economic growth and demand for energy have limited the rise in crude prices.

West Texas raw rise

The price of West Texas Intermediate crude, which is the record of US oil, increased by $ 1.43, or 2,16% to 67.68 dollars per barrel, April delivery.
The Brent crude price for global oil increased by $ 1.35, or 1.94% to 70.91 dollars per barrel delivery of May.

The high US oil stocks

This comes as the US Energy Information Administration announced today the rise in crude oil stocks in the United States during the past week with less expectations.
The administration stated that the stock of crude oil rose during the week ending on March 7 by 1.4 barrels, while analysts expected to rise by 3.6 barrels, after its rise by 2.1 million barrels in the previous week.
With the large rise, the American stock has become 435.2 million barrels to remain almost 5% less than the average inventory during the past five years at this time of the year.

Gasoline

The administration also stated that the gasoline stock decreased by 5.7 million barrels during the past week, to be less than 1% less than the average inventory during the past five years.
The oil of the oil repentance, which includes heating oil and diesel (diesel), decreased by 1.6 million barrels, to remain almost 5% less than its average over the past five years at this time of the year.
On the other hand, the Organization of Petroleum Exporting Countries (OPEC) has kept its expectations for the growth of oil production and the global economic growth for the current and next years.
The organization said it expected global oil demand to grow by 1.4 million barrels per day during the next two years.