Wednesday 24/Sep/2025 – 09:31 am
Oil prices rose for the second consecutive day today, Wednesday, after the report of the decrease in US crude stocks showed last week, which strengthened the prevailing feeling in the market with a lack of supply.
The high oil prices globally and the barrel records $ 67.90
Brent crude futures rose 27 cents to $ 67.90 a barrel by 00:05 GMT, and US West Texas Intermediate crude futures increased 28 cents to $ 63.69, according to Reuters.
Oil shipments via the pipeline
Both the two records rose by more than one dollar per barrel yesterday, Tuesday, with the stumbling agreement of the resumption of exports from the Kurdistan region of Iraq, which stopped oil shipments through the pipeline from the region to Turkey, despite the hopes of reaching an agreement to end the stalemate, as two major producers requested guarantees to pay the debt.
According to the agreement between the Iraqi federal government, the Kurdistan Regional Government and the oil companies will be resumed exports of raw raw exports, which are approximately 230 thousand barrels per day. Pipeline flows have stopped since March 2023.
Later in the day, the US Petroleum Institute data showed that crude oil and gasoline stocks in the United States decreased, while the distillation of the distillation products increased last week.
Sources said that the data showed that crude oil stocks decreased 3.82 million barrels in the week ending September 19, gasoline stocks decreased 1.05 million barrels, and the increase in distillation products 518 thousand barrels.
The official energy data of the US government is scheduled to be released today, Wednesday, which is expected to appear an increase in crude oil and gasoline stocks, and a potential decrease in distillation products.
