Amman– Oil prices remained stable in early trading today, Thursday, with traders awaiting the upcoming meeting of the Joint Ministerial Monitoring Committee of the "OPEC+" group, scheduled for February 3.
اضافة اعلان
According to Bloomberg News, Brent crude futures increased by 7 cents to reach $76.71 per barrel, while West Texas Intermediate (WTI) crude futures rose by 17 cents to $72.79 per barrel.
Regarding demand, data from the U.S. Energy Information Administration released on Wednesday showed that U.S. crude oil inventories increased by 3.46 million barrels last week, with refinery consumption declining for the third consecutive week.
The U.S. Federal Reserve kept interest rates unchanged yesterday and did not provide details on when borrowing costs might be reduced, which could potentially boost economic activity and demand for crude oil.
Traders are closely monitoring the upcoming meeting of the Joint Ministerial Monitoring Committee of the "OPEC+" group scheduled for February 3, where the group plans to increase production starting in April.
