[ad_1]
<div id = "firstBodyDiv" data-bind-html-content-type = "article" data-bind-html-compile = "article.body" data-first-article-body = "
As a sign of overproduction, the US Petroleum Institute said on Tuesday that US crude oil inventories rose 9.9 million barrels above expectations. The government's supply report is to be released at 14:30 GMT.
Brent dropped 37 cents to $ 76.07 a barrel at 10:20 GMT, and earlier in the day to $ 75.11 a barrel, its lowest level since August 24. US crude has changed little at $ 66.43 per barrel.
Oil fell sharply in the previous session, with Brent closing down 4.3%.
On Tuesday, oil was hit by the sale of shares for fear of economic prospects. The International Energy Agency (IEA) expects a slowdown in oil demand growth in 2019 due to the global economic downturn.
Asian equities rebounded today as sentiment was boosted by China's economic recovery, while European equities rose slightly.
While US sanctions against Iran, which will begin on Nov. 4, are expected to result in a shortage of supplies, other producers, including Saudi Arabia, the world's largest oil exporter, are already pumping more oil. and are ready to increase their production if necessary.
">
As a sign of overproduction, the US Petroleum Institute said on Tuesday that US crude oil inventories rose 9.9 million barrels above expectations. The government's supply report is to be released at 14:30 GMT.
Brent dropped 37 cents to $ 76.07 a barrel at 10:20 GMT, and earlier in the day to $ 75.11 a barrel, its lowest level since August 24. US crude has changed little at $ 66.43 per barrel.
Oil fell sharply in the previous session, with Brent closing down 4.3%.
On Tuesday, oil was hit by the sale of shares for fear of economic prospects. The International Energy Agency (IEA) expects a slowdown in oil demand growth in 2019 due to the global economic downturn.
Asian equities rebounded today as sentiment was boosted by China's economic recovery, while European equities rose slightly.
While US sanctions against Iran, which will begin on Nov. 4, are expected to result in a shortage of supplies, other producers, including Saudi Arabia, the world's largest oil exporter, are already pumping more oil. and are ready to increase their production if necessary.
