Oil prices restore thanks to the contraction of US crude shares

Oil prices have exceeded the narrow trade scope that has been trapped for months, as the penetration of an important technical level has helped, and US crude oil supplies have shrunk in prices to rise. West -Texas -Tuss -cent prices exceeded $ 73 a barrel to a four -day recovery, causing future futures for more than two months. Brent ruol was closed near $ 76 on Thursday. National crude oil shares remain much lower than the seasonal average after decreasing the sixth week in a row. The height of both criteria, West Texas and Brent, over their average of 100 days, contributed to stimulating the purchase based on algorithms, which helped the exit of oil from the range that has been about $ 6, up and down, which has been in it since mid -October. Oil prices were on their way to make a second weekly profit. “The question now is whether this height will go 200 days after the moving average,” said Chris Weston, head of the Baybreston Group Research Department. He added, “It may require an improvement in the economy.” However, the horizon during the year 2025 is still not sure, with the expectation that there is a surplus in the offer, and the possibility of resuming the “OPEC+” production, and with a poor request from the largest importer, China. Donald Trump’s return to the White House also adds some uncertainty to the global markets.