oil
Mohamed Farag
Brent crude futures rose to $99.14 a barrel, and crude oil stocks in the United States’ Strategic Petroleum Reserve fell by 8.1 million barrels over the week ending August 19, reaching the lowest level in nearly 37 years, according to breaking news for the “Sky News” channel.
Data from the US Department of Energy showed that crude stocks fell in emergency reserves to 453.1 million barrels, the lowest level since January 1985.
The amount that was withdrawn from the strategic petroleum reserve, amounting to 8.1 million barrels, is the largest since the end of last April.
The strategic level of the United States by regarding 5.3 million barrels, to reach its lowest level since April 1985, and it records 464.56 million barrels.
The Energy Information Administration said that net imports of US crude oil rose in the first week of August by 231,000 barrels per day to 4.06 million barrels per day.
