U.S. commercial crude oil inventories decreased by 17.0 million barrels to 439.8 million barrels.

Brent fell 42 cents, or 0.5%, to $83.82 a barrel, WTI fell 34 cents, or 0.4%, to $79.75 a barrel.

Brent rose 63 cents to $80.27 a barrel, WTI climbed 62 cents to $76.27 a barrel.

U.S. commercial crude oil inventories decreased by 0.7 million barrels to 457.4 million barrels.

Brent had added 5 cents, or 0.1%, to $81.41 per barrel, WTI rose 9 cents, or 0.1%, to $76.98.

The Brent crude oil spot price will average $80 per barrel (b) in 4Q23 and $84/b in 2024.

According to price reporting agency Argus Media, Urals crude topped $60 a barrel on Wednesday, climbing above the cap that the Group of Seven set last year in an attempt to restrict revenue to Moscow’s war machine.

The central bank still expects a current account surplus of $47 billion this year and $38 billion in 2024. On Tuesday, it said in a statement that Russia’s worsening trade balance was caused by a decrease in export volumes as well as the decline in prices mainly for energy exports.

U.S. commercial crude oil inventories increased by 5.9 million barrels to 458.1 million barrels.

The Worldwide Rig Count for June was 1,800, up 17 from the 1,783 counted in May 2023, and up 94, from the 1,706 counted in June 2022.