Crude oil records the highest level in 3 months, as oil prices rose in the European market on Wednesday. To continue their gains for the second day in a row, so that US crude recorded the highest level in three months, and Brent crude is close to exceeding the highest level in four weeks, thanks to the decline of the US dollar.<\/span><\/span><\/span><\/p>\n This overshadows the impact of preliminary data from the Petroleum Institute, which showed an unexpected rise in crude inventories in the United States. <\/span><\/span><\/span>Dealers are awaiting later today the official data, as part of the weekly report of the US Energy Agency.<\/span><\/span><\/span><\/p>\n American crude rose by 0.55% to the level of $81.81, the highest level since last January 27, from the opening level at $81.38, and recorded the lowest level at $81.33, and Brent crude rose by 0.5% to the level of $85.92, from the opening level at $85.49.<\/span><\/span> $, and recorded the lowest level at $85.44.<\/span><\/span><\/span><\/p>\n When prices settled on Tuesday, US crude rose 2.0%, its first gain in four days. <\/span><\/span><\/span>Finally, Brent crude rose 1.5% to resume its gains after a three-day decline as part of corrections from above.<\/span><\/span> Four-week level at $86.00 a barrel.<\/span><\/span><\/span><\/p>\n The dollar index fell on Wednesday by more than 0.1%, to extend its losses for the second consecutive session, reflecting the continued decline in US currency levels against a basket of world currencies. As we know, the decline of the US dollar is in favor of the rise in the prices of commodities and minerals, as it makes their cost low<\/span><\/span> For consumers and holders of other currencies.<\/span><\/span><\/span><\/p>\n This decline in the levels of the US currency comes before the release of the main inflation data in the United States at a time<\/span><\/span> later today, which provides strong clues about the Fed’s rate hike path.<\/span><\/span><\/span><\/p>\n In preliminary data, the American Petroleum Institute announced, on Tuesday night, an increase in commercial stocks in the country by about 0.4 million barrels<\/span><\/span> During the week ending April 7, contrary to experts’ expectations, it decreased by about 1.1 million barrels.<\/span><\/span><\/span><\/p>\n This weekly decline is the first in the last three weeks, in a negative sign of improving demand levels<\/span><\/span> And clouds in the world’s largest fuel consumer.<\/span><\/span> <\/span><\/p>\n Later today, dealers are awaiting official data for commercial inventories and production levels, as part of the report<\/span><\/span> The weekly report of the US Energy Agency, and expectations indicate a decline in inventories by about 1.0 million barrels.<\/span><\/span><\/span><\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Crude oil hits a 3-month high Crude oil records the highest level in 3 months,…<\/p>\n","protected":false},"author":2,"featured_media":9217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[8],"tags":[500],"class_list":["post-9216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-free-recommendations","tag-crude-oil"],"jetpack_publicize_connections":[],"yoast_head":"\nWorld Oil prices<\/span><\/span> <\/span><\/strong><\/h3>\n
U.S. dollar<\/span><\/span> <\/span><\/strong><\/h3>\n
<\/span><\/span><\/span><\/p>\nUS stocks<\/span><\/span><\/span><\/strong><\/h3>\n