Oil gains ground despite the increase in the number of "stocks" in the United States

LONDON – Crude prices work on Wednesday between profits and losses as investors assess the conflicting signals of supply and demand in the world's largest economy.

Against this background, the WTI crude oil futures index in New York dropped to 1.5% in early trading on Wednesday before erasing most of those losses and to increase from 0.13% to 67.22 dollars.

Brent crude barrel of London which increases by 0.3% to 72.43 dollars.

Earlier, the September contract hit a three-month lows due to concerns over weak demand, adding to an increase in US oil inventories reflecting rising oil prices. 39, gross supply of the world.

US crude inventories were released for the first time, up 5.84 million barrels last week, which baffled most analysts in a Bloomberg survey that forecast a decline of 3 , 6 million barrels.

While oil production reached 11 million barrels for the first time since record keeping, the Energy Information Administration (EIA) reported on Wednesday.

Crude stocks in the Cushing, Oklahoma, distribution center fell by 860 thousand barrels and those of gasoline were reduced by 3.2 million barrels. The experts consulted by Reuters forecast a drop of 44,000 barrels

At the same time, the demand for stored gasoline was the highest since early May and foreign oil purchases have increased more since the beginning of 2017 , reported IEA

The unexpected surge in crude stocks in the United States occurred in a context of imminent increase in production from Saudi Arabia, Russia, Libya and other major sources.

At a meeting in Vienna Wednesday, OPEC and Allied producers discussed what they plan to produce individual nations this month, but have not formally shared a production increase planned by the cartel. 19659011] With information from Reuters and Notimex.