Oil stabilized as the U.S. Department of Defense was hit by the CVD-19 epidemic

NEW YORK, Aug. 18 (Reuters) – Oil prices remained unchanged on Wednesday, with investors worried about oil prices, despite a sharp drop in U.S. crude oil prices. Global increase in COVID-19 cases.

At 10:42 am EDT (1442 GMT), Brent crude fell 3 cents per barrel to $ 69. U.S. WTI crude oil per barrel lost 21 cents to $ 66.38.

U.S. raw materials fell 3.2 million barrels last week to 435.5 million barrels, the lowest since January 2020. Gasoline stocks, on the other hand, have been a bit of a concern about the coronavirus, and the market has grown slightly.

Andy Lipou, president of Lipo Oil Associates in Houston, Texas, said on September 6, “The market is dragging its feet on the tragic construction of gasoline.”

The four-week average yield – demand – was 20.8 million barrels per day, in line with the 2019 pre-coronavirus standards.

Despite weekly fluctuations, U.S. crude production rose to 11.4 million BPD. Energy production in the United States is expected to rise to 8.1 million BPD in September, according to the Energy Information Administration’s monthly drilling report. Read more

Report by David Gaffen in New York; Additional reports by Laura Sanikoline New York, Tokyo Aaron ld Ledrick and London Dimitri Zdandanikov; Edited by Margurita Choi

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