Oil prices fell after an industrial report indicated a significant increase in US crude shares, while the market was waiting for more commercial movements by President Donald Trump. Brent oil fell below $ 77 a barrel after it rose 4% during the previous three sessions. According to a document seen by Bloomberg, US shares increased by 9 million barrels last week, while fuel supply has fallen. If the official data confirmed this increase later on Wednesday, it will be the largest in a year. Oil prices in 2025 were volatile for oil at the beginning of the year, as prices rose in the beginning due to the increasing demand for heating due to the cold winter in the northern hemisphere and US sanctions against the Russian oil industry, but Trump’s customs definitions have been threatening the commercial wars on various fronts over the past three weeks. Also read: “OPEC+” keeps the cutting of oil production until April. There is evidence that American sanctions affect the Russian crude oil flow. A few million barrels of platforms on the Pacific Platform were suspended after the shipping cruise carrying it to China was placed on the black list, while ESPO was displayed on Chinese refineries at lower prices to attract buyers. Elsewhere, crude oil shares in Kushing, Oklahoma, rose by 400,000 barrels last week, according to the US Petroleum Institute, according to a document seen by “Bloomberg”, while gasoline and distilled shares took off.
The price of oil is declining in the midst of expectation to increase US shares
