The oil prices They fell almost 3 dollars per barrel on Wednesday, after the US government data showed a large accumulation of crude oil, gasoline and distillate inventories, and that OPEC and its allies maintained their production policy.
crude oil futures Brent they were down $2.6, or 3.5%, to $82.50 a barrel by 17:50 GMT. US crude oil futures West Texas Intermediate (WTI) lost $2.67, or 3.41%, to settle at $76.20.
US crude oil inventories gasoline and distillates increased last week, informed this Wednesday the Energy Information Management (EIA).
The market is reacting to the report that there is no demand for crude or fuel,” said John Kilduff, a partner at Again Capital LLC in New York.
A meeting of the main ministers of the OPEC+ He kept oil production policy unchanged on Wednesday, maintaining cuts agreed last year amid hopes for rising Chinese demand and uncertain Russian supply prospects.
OPEC oil production fell in the month of januarydue to the decline in Iraqi exports and the failure of Nigerian production to recover, and the 10 OPEC members pumped 920,000 barrels per day (bpd) below the volumes set as targets in the OPEC+ agreement, according to a survey by Reuters.
The deficit was higher than December’s 780,000 barrels per day.
