Oil prices fall slightly: North Sea Brent below 90 US dollars

Oil prices fall slightly: North Sea Brent below 90 US dollars

Oil prices fell on Wednesday. Both the North Sea variety Brent and the US variety West Texas Intermediate recorded price declines. The price of a barrel of Brent was $89.31, while a barrel of WTI traded at $84.70. Although geopolitical risks in the Middle East are considered high, Israel's delayed response to the Iranian attack over the weekend prevented oil prices from rising further. Market observers attribute this to the uncertain situation. Brent oil prices rose above $92 a barrel at one point amid concerns about possible conflict in the region.

The development of oil reserves in the USA increasingly became the focus of the oil market. The US interest group American Petroleum Institute (API) reported an increase in American oil reserves by more than four million barrels last week. The normal trend shows that rising oil reserves in the world's largest economy can weigh on oil prices. The US government's official data on crude oil inventories is expected in the afternoon and could provide decisive impetus for the market.

This data is of great importance for the further development of oil prices. Investors and market analysts are eagerly awaiting the official information so that they can adjust their forecasts and trading decisions accordingly. Israel's response to recent events in the Middle East and developments in US oil reserves will significantly influence how oil prices develop in the coming days.