For their part, crude oil inventories in the United States fell, while gasoline and distillate inventories increased, the Energy Information Administration (EIA) reported on Wednesday.
The market saw a strong sell-off in the previous session, after Russia promised to reduce military operations around kyiv, but reports of attacks continued on Wednesday.
Russian forces shelled the outskirts of kyiv and a besieged city in northern Ukraine on Wednesday, a day after it announced it would scale back its operations in the area, in what the West saw as a regrouping tactic after heavy losses.
OPEC+ sources, in turn, said the alliance of producers, which includes Russia, will likely stick to its current agreement to gradually ramp up oil output, a view echoed by the OPEC secretary-general. , Mohammad Barkindo.
Oil prices are under pressure from weakening demand in China due to tightening mobility restrictions and Covid-19-related lockdowns in multiple citiesincluding the financial center of Shanghai.
Source: Ambito
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