Updated .. Oil is down 5.5% at the settlement after the inventory data

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direct: Oil prices fell by about 5.5 percent when settling trading on Wednesday, after the release of US stockpile data.

The Energy Information Administration data revealed about High oil stocks In the US, more than expected last week.

While rising US oil production About 1.2 million barrels per day during the past week.

Investors are monitoring the developments of Hurricane Zeta in the Gulf of Mexico and its impact on production, in addition to Corona developments and its impact on demand.

Upon settlement, the price of US NYMEX crude for December delivery fell 5.5 percent to $ 37.39 a barrel.

By 6:55 PM GMT, the price of Brent crude futures, benchmark for December delivery, was down 4.7 percent to $ 39.26 a barrel.







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