Brent crude oil price stable at around $ 85 per barrel

On Tuesday, November 2, by the end of the day, a barrel of Brent fell by 0.46% to $ 84.03. The price remains trading in a sideways trend.

The participants took a wait-and-see attitude ahead of the US Federal Reserve meeting(today) and the OPEC + meeting(tomorrow)

According to the data presented by the American Petroleum Institute (API), oil reserves increased by 3.594 million barrels (the forecast was +2.25 million). Gasoline inventories fell by 552 thousand barrels (a decline of 1.3 million was expected). The official report of the US Department of Energy will be released at 17:30 Kiev time.

On Wednesday, November 3, at trading in Asia, a barrel of Brent is worth $ 83.84 (-0.20%). Sharp fluctuations in oil are expected at the American session after the meeting of the US Federal Reserve System. The price will remain trading near the $ 85 level until OPEC + announces a decision on oil production.

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