{International: Al Furat News} Oil prices witnessed a slight rise in early trading on Thursday, after falling due to official data on the rise in US stocks.

And Brent crude futures rose, in early Thursday trading, 0.44%, or 28 cents, to $ 64 a barrel, after falling on Wednesday’s settlement to $ 63.72.

US crude futures rose slightly, or 0.19%, or 11 cents, at $ 58.87 a barrel, after yesterday’s decline to $ 58.76.

Oil prices fell, yesterday, Wednesday, to about 2 percent, after the US inventory data and OPEC monthly report.

The US Energy Information Administration data showed that oil inventories in the United States increased by about 0.8 million barrels, contrary to analysts’ expectations during the past week.

While the United States’ production of oil fell from the highest level in its history in the past week to 12.800 million barrels per day.

And OPEC revealed in its monthly report that its oil production fell to the level of 29.551 million barrels per day during the past month.

News Source: https://alforatnews.com/