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Oil: price stability

03/12/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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The oil price backed off for the second session consecutive Wednesday. Operators await the outcome of Russia-Ukraine peace talks likely to stimulate supply.

At midday, prices were stable, Brent gaining 2 cents, or 0.03%, to $62.47 at 04:27 GMT, while the West American Texas Intermediate increased by 3 cents, or 0.05%, to 58.67 dollars. This weakness comes despite the continuation of Ukrainian attacks. against Russian energy infrastructures.

Crude oil stocks increased by 2.48 million barrels in the week ending on November 28, gasoline inventories increased by 3.14 million barrels, while distillate stocks increased by 2.88 million barrels, a indicated the API, according to the sources.

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