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LONDON .- Oil prices in the United States extended the decline on Thursday after earlier approaching maximum levels of three-and-a-half years, after posting an unexpected increase in stock figures. crude in the United States and a tonal Donal Trump that forces OPEC to cut oil prices.
The WTI crude contract in the United States for delivery in August fell 1.09% to 73.33 dollars.
A barrel of oil from the North Sea Brent for delivery in September falls 0.45% to $ 77.99 a barrel traded on the Intercontinental Petroleum Exchange (ICE) in London.
Previously, contracts showed an upward trend in the face of the possibility of changes in crude oil supplies from Iran and the Middle East.
However, the latest figures released by the Energy Information Administration (EIA) on an increase in crude inventories in the United States due to lower production in refineries has contributed to higher price losses crude oil.
Gross inventories increased by 1.2 million barrels on June 29 badysts' forecast of a drop of 3.5 million barrels; while crude stocks in the Cushing, Oklahoma distribution center fell by 2.1 million barrels.
Refinery operating rates also decreased by 163,000 barrels per day, while utilization rates decreased by 0.4 percentage points. Both percentage and gasoline inventories were reduced by 1 percent. , 5 million barrels
Distillate inventories, which include fuel oil and diesel, increased by 134,000 barrels, compared with a forecast decline of 545 thousand barrels.
] Earlier, the future fell in reaction to the tweet sent by the President of the United States, Donald Trump, where he asks to OPEC to cut oil prices.
"The monopoly of at the OPEC must remember that gas prices rise and do nothing to help," said the US president on his Twitter account official.
"In any case, they raise the highest prices because the United States defends many of their members for very little dollars, it must be a two-way street REDUCING PRICES NOW!" Trump says.
OPEC and a group of non-cartel producers, led by Russia, began to maintain production in 2017 to support prices.
Recent price increases have also been boosted by Trump's announcement to reintroduce sanctions against Iran from November, which will also target its oil industry, said the National Australia Bank (NAB ) in its forecasts. of July.
"A key factor in rising prices has been the agreement between OPEC and Russia to reduce oil production, compounded by the collapse of Venezuelan production and the decision of the states United States to close the agreement with Iran ". .
OPEC and Russia announced in June that they were willing to increase their production to address concerns about the shortage of emerging supplies due to unexpected breakdowns in Venezuela and Libya, as well as the fact that 39, a possible decline in Iranian supplies.
US crude oil production has increased by 30% in the last two years to 10.9 million barrels per day. This means that only three countries, Russia, the United States and Saudi Arabia, satisfy a third of the world's demand for oil.
A senior commander of Iran's Revolutionary Guards said Wednesday that guards are ready to put in place a policy to prevent regional oil exports if the US bans the sale of Iranian oil.
With information from Notimex and Bloomberg
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